Thursday, December 13, 2007

Jessica Simpson and the Fed

Is the Fed being "pro-active?" Maybe they should just have Jessica Simpson as their spokesperson. Then the market can have wholesome or sexy, and quit being so schizophrenic about the Fed.

The Fed, in effect, cut 25 basis points in the fed funds rate, and 75 basis points in the discount rate. But they did it in a way that "academics" find sexy.

But ask yourself, traders, which Jessica do you prefer?

So buy the opening gap down. Monday we'll have the results of the first tender, and next Thursday you have RIMM's earnings.

The lows should be here.