Fed och räntan Imorgon

...FED:s räntebeslut imorgon anser jag vara lika betydelselöst som mina tankar om börsutvecklingen.... 

Så skrev jag  tidigare i dag och jag står fast vid det....

Jag tror faktiskt inte att de har så många plåster kvar i förbandslådan.... Nú måste det nog till någon form av "självläkning" i marknaden.

MVH Nisse45

Fed Adds Most Reserves Since 9/11 Attacks as Banks Hoard Cash

Fed funds traded as high as 6 percent, or 4 percentage points above the central bank's target rate for overnight loans between banks, according to ICAP Plc, the world's largest inter- dealer broker. The margin is the greatest since Bloomberg began tracking the data in 1998. The rate dropped to as low as 1.75 percent after the Fed added the temporary reserves.

...

``If the fed funds rate closes high today, I would be really worried as it would mean that there really is no money out there to be lent,'' said Stan Jonas, who trades interest- rate derivatives at Axiom Management Partners LLC in New York. ``

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

En kraftig sänkning från FED kan komma att sätta rejäl press på USD och därmed inte nödvändigtvis vara bra för iaf svenska börsutvecklingen. 

Mvh, /Leif

Lehman Brothers Holdings Inc., the nation's fourth largest U.S. investment bank, underwent the biggest bankruptcy filing in history after succumbing to the subprime mortgage crisis it helped create.

The 158-year-old company survived the railroad bankruptcies of the late 1800s, as well as the collapse of Wall Street in the 1930s, but was forced to file a Chapter 11 petition with U.S. Bankruptcy Court in Manhattan Sunday. (Newsroom)

Världens största konkurs ... och det var bara förrätten. Nu kämpar AIG, som beskrivs som världens största försäkringsbolag, för sin överlevnad.

The Federal government has asked The Goldman Sachs Group Inc. and JPMorgan Chase & Co. to lead a $70 billion to $75 billion lending facility for the flailing AIG, according to The Wall Street Journal.

In a last-ditch effort to avoid a possibly fatal ratings downgrade, American International Group Inc. of New York has been searching high and low this weekend for $40 billion to avert the ratings slash.

Just today, the insurer was granted permission by New York governor David Paterson to tap its subsidiaries for $20 billion to cover regular operating needs, making a bridge loan to itself. Normally, insurers face tough rules from state regulators on how they can shift assets, so as to ensure carriers have enough money to cover their policy obligations. (InvestmentNews)

Vad skall man säga? "Historiskt" är inget överord. Och mycket skrämmande.

Alla snackar om att sänka räntan. !!

Men även om US har gjort det sänks ju inte bank räntan. Finns inte tillräckligt med kapital för detta just nu. Risk premien ligger helt enkelt högre idag. 

"Markets are never wrong - opinions often are"

Det positiva att Fed inte lyssnade på Cramer...

Press Release

Release Date: September 16, 2008

For immediate release

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent.

Strains in financial markets have increased significantly and labor markets have weakened further. Economic growth appears to have slowed recently, partly reflecting a softening of household spending. Tight credit conditions, the ongoing housing contraction, and some slowing in export growth are likely to weigh on economic growth over the next few quarters. Over time, the substantial easing of monetary policy, combined with ongoing measures to foster market liquidity, should help to promote moderate economic growth.

Inflation has been high, spurred by the earlier increases in the prices of energy and some other commodities. The Committee expects inflation to moderate later this year and next year, but the inflation outlook remains highly uncertain.

The downside risks to growth and the upside risks to inflation are both of significant concern to the Committee. The Committee will monitor economic and financial developments carefully and will act as needed to promote sustainable economic growth and price stability.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Christine M. Cumming; Elizabeth A. Duke; Richard W. Fisher; Donald L. Kohn; Randall S. Kroszner; Sandra Pianalto; Charles I. Plosser; Gary H. Stern; and Kevin M. Warsh. Ms. Cumming voted as the alternate for Timothy F. Geithner

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet