Comments on: Is Barack Obama’s $787 Billion Stimulus Act Even Necessary!? Repeal It! http://americanmissive.com/2009/06/10/repeal-barack-obamas-787-billion-stimulus-act-it-is-incredibly-unnecessary/ Wed, 01 Feb 2012 06:44:55 +0000 hourly 1 http://wordpress.com/ By: forthesakeofevolution http://americanmissive.com/2009/06/10/repeal-barack-obamas-787-billion-stimulus-act-it-is-incredibly-unnecessary/#comment-2369 Thu, 11 Jun 2009 02:49:55 +0000 http://americanmissive.com/?p=3924#comment-2369 A little after the time when the media started pitching a possible credit-crisis in 2007 and the market was a little concerned, and the possible increase in probability of a fed rate cut came around, the market was still confident, maybe the fed rate cut could have been delayed, maybe it was necessary, I am not too sure, and frankly as a trader did not care either ways, but I know one thing for sure, if it could have been help of till the next FOMC meeting in 6 weeks the markets would not have panicked as much.

This rant is not about, not doing anything, doing what was necessary and the fed rate cuts, but rather about doing too much.

As individuals we can never have all the info out there, there is always the unknown factor in the market, which we assume the governments have a better idea about, I personally believe the bottom has already happened and left behind, a number of analysts believe that the bottom is about to be set, on one side we hear there is a bottom, the the economy is showing recovery, on the other hand the stimulus is still on the table, and that is counter-productive, sure it could stimulate the economy, but there is a higher probability that like what happened with the initial rate cuts, the market will not be able to contain their worst fears.

What makes this situation worst is, in 07-08 the market was either confident and with time had some confidence left, unfortunately right now they were just recovering from their fears, hence a higher probability for a relapse.

As long as that probability remains on the table, I will personally keep rechecking the possibility of us revisiting the bootom, not worse than that, but close!

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