I'm a bit confuse, shouldn't the interest rate cut suppose to strengthen the index? Or this fenomena will indicate that the effect of subprime is not over yet? Hence it will also dragged the index globally down as well as IDX ?
Elaine <[EMAIL PROTECTED]> wrote: Dow plunges -120 point from its day high, oil jumps +$1 to 114, USDJPY falls to 103..after the fed announced the cut. You should know by now why we don't like it. Obviously the Wall Street also doesn't like it. That also makes the interest rate spread with ID is a bit too wide. But I think this is only a temporary set back, so It doesn't change my view, still with Buy on Weakness. Elaine 2008/5/1 pemainedan <[EMAIL PROTECTED]>: Bull warrior sejoli EL & Embah udah NYERUDUK tuh. Mantap lg, bukan rate aja yg di-cut, oil pun mluruk hingga 113. Moga2 125-nya gak jadi deh. Tp koq aneh ya, td Elaine predict/berharap FED tdk cut rate. Seandainya saja tidak 'kan bakal bearish. Bukannya Elaine sudah ambil BULL SIDE? Masih mau ADD small position? --------------------------------- Bergabunglah dengan orang-orang yang berwawasan, di bidang Anda di Yahoo! Answers