Wednesday, October 31, 2007

Before US Fed Rate Cut Announcement!

Firstly, the DJI chart and this week S1, R1 & N lines. Tonight( Singapore Time ), Fed will make the announcement. Most people will hope for a 0.25% rate cut and stock market tomorrow will rally to new highs ( Just like what had happen 6 weeks ago ). Personally, I feel that even if Fed drop rate by 0.25%, I don't think market will rally again.
It is my wish that Fed don't make this cut as we see the effect on Crude Oil price & USD. Recently, I read an article on "Inflate or Die". In the article, it explained the problem that Fed are facing and why the choose to cut rates. But I rather the market die now then later. As the problem will get bigger and the bust will affect deeper ( more people will die or suffer ).
Let's just see what happen later....................................................................................

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