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Thursday Morning
Phil’s Stock World — ... and yesterday the Fed made it officially official in the US but there really wasn’t anything in the minutes that was very surprising:  They are ready to cut rates further (0% anyone?) and do not expect a rebound until Q3 and are bringing down their growth forecast to next year to 0.3% (from 1.3%).  The Fed does seem out of touch with an unemployment forecast of just 6.5% and that worries me but none of this is new so we will see how well our bottom tests out today but I’m expecting us to at least test back to 8,200 - anything less than that ...

Fed Minutes: No Growth in 2009: Good? Bad?
Todd Sullivan's - ValuePlays — ... would not be expected and could cause prices to rise...fast... The point is that either is just as likely to happen based on the inability of economic predictions to be very accurate as we extend the time frame. If the Fed is right, we are there already with expectations. If they are wrong, current buyers could be very well rewarded. PS. Please note the time frame....9 months. Let's not expect this to turn by Christmas and be crushed if it doesn't. Patience... FULL MINUTES Visit the ValuePlays Bookstore for Great Investing Books ...

Thursday Thump - Is There A Bottom?
Trading Goddess — ... and yesterday the Fed made it officially official in the US but there really wasn't anything in the minutes that was very surprising:  They are ready to cut rates further (0% anyone?) and do not expect a rebound until Q3 and are bringing down their growth forecast to next year to 0.3% (from 1.3%).  The Fed does seem out of touch with an unemployment forecast of just 6.5% and that worries me but none of this is new so we will see how well our bottom tests out today but I'm expecting us to at least test back to 8,200 - anything less than that will be a ...

Monetizing the Debt
GoldSeek.com — ... , Bernanke outlined the steps he would take if the U.S. ever faced the threat of deflation. Deflation is suffocating anyone holding debt as the debt burden becomes more difficult to finance with shrinking income; in contrast, inflation bails out those who have a lot of debt. In our assessment, fighting deflation is the Fed's top priority now; the latest minutes from the Fed's Open Market Committee (FOMC) meeting state: Indeed, some [FOMC members] saw a risk that over time inflation could fall below levels consistent with the Federal Reserve's dual objectives of price ...