Bill Gross CNBC 10/29/08 - Comments on Fed Rate Cut

Bill Gross was on CNBC 10/29/08 giving his comments on the Fed rate cut decision.

I Heard just about what I expected....downside risks to growth remain suggestesting that rates will go lower or stay here for an extended period of time.

I noticed in the Fed Statement that external demand ( meaning exports ) has weakened meaning the whole world has a problem right now.

More on what Bill Gross has said this week HERE

http://daytradingstockblog.blogspot.com/

10/29/08 Fed Rate Cut Decision - FOMC Interest Rate Cut

The Federal Reserve cut interest rates by a half of point today in the Fed funds rate and the Discount rate, October 29th, 2008. The Market is going down on this news.

http://daytradingstockblog.blogspot.com/

No Rate Cut 9/16 - Fed Doesn't cut Interest Rates 9/16/08

Today the Fed left interest rates at 2.0% by not cutting rates. The Market is going down because of this news. The Dow has fallen 100 points because of this news as many people expected a rate cut today. The Dow is 10,819 - Nasdaq 2157 - S&P 1178

AIG Stock Down in Pre Market - CNBC 9/16/08

Governor Patterson was on CNBC this morning and he said " I think AIG has only a day." AIG hit a low in Pre Market this morning of $2.81 per share. It is now bouncing to around $3.45 as stock market futures improve a bit.

All eyes are on the Fed decision at 2:15pm this afternoon....and just as I right this, the FED has just injected 90 Billion of liquidity into the market.

AIG was scheduled to again have meetings at the New York Fed....so all eyes will be glued to this situation.

Fed Meeting 9/16/08 2:15pm EST - Federal Reserve Meeting

Tommorrow we have a big Federal Reserve meeting at 2:15 Eastern Time in which we will find out if Ben Bernanke will cut interest rates.

A rate cut would be fine.....but the Fed will have to provide capital if they want to stop this stock market slide. Personally, I'd like the Capital Markets to sort this out themselves, but with that everything get sucked down with it.

If JPM and GS don't provide AIG 70-75 Billion in lending.....AIG could go down Bankruptcy Road this week. That is a alot of money! Where will it come from?

How about the Internet Stocks today - Amazon.com and Google.com holding up well today! GOOG and AMZN showed major strength!

Pre Market Stock Action 8-04-08 ELN

This morning we don't really have anything exciting going on.....the markets are down slightly.

The only mover I see so far is Elan ELN which is up 5% which I think is a dead cat bounce.

Economic Data is just out......personal income up .10%...personal spending up .60%...not bad at all.

Tomorrow there is a Fed Meeting followed by a Fed Decision..... It is a busy Earnings week once again!