> RoMunn wrote: > the fed's change in course yesterday Well the fed didn't change course, it just fired a different load to mix metaphors. Further the rally was definitely not what I would call "huge" and even if it were, it's a sign of people looking to take short term profits IMO.
The fundamental problem still exists and it's credit risk. The Fed is trying to lower that risk to lending institutions, but whether it has done so sufficiently is a matter of opinion with the true answer being a matter of time. If you believe, as I do, that housing prices still have another 20% or more to fall, then this latest Fed move is simply a stop-gap but the problems will continue. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;160198600;22374440;w Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:256233 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
