Trick or Treat

Another FOMC meeting...

Bill Gross on Wall Street Journal Report - There would be a 25bp cut at the Oct meeting and another 25bp cut at the end of the year. Fed will strike preemptively to avoid reccession.

When I heard that I cld not stop shaking my head. That wld be just reckless on the part of the Fed. Just a month ago they cut rates by half a ppt, they cant justify another cut so soon! Where's the creditability?

If there's a rate cut, without any hesitation buy into oil, commodity and property counters! If they can cut rates now, again... cheap credit will be plentiful in the months to come.

In with the Gold, Black Gold.... and out with the Green!