Wednesday, October 29, 2008

BEN and his MAGIC BUCKET? ~ ~ ~ ~ ~ ~ ~ ~ D R HORTON INC (DHI) NYSE


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BUY a NEW HOUSE!
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the BOTD rate cut play ... (DHI) 5.815 +0.655 (+12.69%)

12 comments:

BEN said...

For immediate release

The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 1 percent.

The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures. Business equipment spending and industrial production have weakened in recent months, and slowing economic activity in many foreign economies is damping the prospects for U.S. exports. Moreover, the intensification of financial market turmoil is likely to exert additional restraint on spending, partly by further reducing the ability of households and businesses to obtain credit.

In light of the declines in the prices of energy and other commodities and the weaker prospects for economic activity, the Committee expects inflation to moderate in coming quarters to levels consistent with price stability.

Recent policy actions, including today's rate reduction, coordinated interest rate cuts by central banks, extraordinary liquidity measures, and official steps to strengthen financial systems, should help over time to improve credit conditions and promote a return to moderate economic growth. Nevertheless, downside risks to growth remain. The Committee will monitor economic and financial developments carefully and will act as needed to promote sustainable economic growth and price stability.

jd said...

Buy a new house, just hope you don't lose your job as the economy goes further down the crapper.

BUY ON THE DIP said...

ya,...our sarcasm is about as funny as a 300 point drop, ...

kevin said...

botd!

How do you think gold will perform when the gdp is released tomorrow? DO you think the gdp is going to be higher or lower and how do you see stocks reacting. One great site I have followed is engprof6.com --->model is very accurate....it's helped me because I am a noob at trading and I don't have good software.

What are your thoughts on dig/dug?

PS, you make QUEEN earnings calls...kudos to you.

PS...go team!

BUY ON THE DIP said...

FirstSolar (FSLR) reported.

After Hours: 134.88 +19.13 (16.53%)

the WERE under $4 solar stocks up afterhours! nice!!!!

BUY ON THE DIP said...

we have no gold, DGP kicked our ass.

and GDP , not sure.

DIG looks better than DUG.

and thanks for the kudos KEV.

kevin said...

BOTD!

Are you still suggesting buying dig, even after the massive 300 pt sell-off at the end of the day?

kev

kevin said...

BOTD!

Are you still suggesting buying dig, even after the massive 300 pt sell-off at the end of the day?

kev

kevin said...

BOTD!

Are you still suggesting buying dig, even after the massive 300 pt sell-off at the end of the day?

kev

BUY ON THE DIP said...

sure, go long.

but we have no DIG, just HK as our "oil/natgas" play.

Anonymous said...

what do you think of lvs and mgm. The futures are up big right now. What do you think our about thusdays direction going to be with the gdp and jobs report. You know they are going to be bad

jd said...

BOTD, paper gold is BS, but I also believe paper gold could explode upward if the right things happen. That is, enough people demand delivery on their futures contracts, this will cause contract defaults as the gold supply is not there at those prices.