On Sep 15, 7:51 am, "Albert K. Fung"
hotmail.com> wrote:>> The "Chinese solution" ....
>
>> At least on a temporary basis, lately appears to be gaining
>> a bit of steam, as the full weight of the crisis on Wall St-
>> reet is sinking in.
>
>> Hopefully, cooler heads will prevail ....
>
> ltlee:
>
>> Well, may be the fed will reduce interest rate tomorrow.
>> But today is going to be bad. Could be a 500 pt day.
>
> As a short seller of the US markets ....
>
> This humble netter would be delighted if the Fed is foolish
> enough to declare a rate cut. It would certainly, albeit tem
> -porarily, gives the market an upward jolt.
>
> And, would give him a golden opportunity to "double-up". :)
You like Russian Roulette.
The SEC could easily expand the no short sale list to include non-bank
institutes.
> This humble netter saw this coming, but did know when. He's
> now bemoaning the fact that he did not made a ginormous bet
> against the US markets on Friday.
>
> Regrettably, the Fed is probably smart enough to know that
> the Fed rate transmission mechanism is totally broken. Any
> rate cut now wouldn't be passed along to arrest the economy
> and they would've have wasted one more of their fast dwind-
> ling bullets. They need all the bullets they could muster.
>
> Fpr the real crisis is still looming .... :)
>
> Regards,
>
> Albert K. Fung
> Casa Tres Palmas, Santa Ynez, California, USA.
>
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