Went for a bike ride and came back to this mess! How pathetically predictable. As if an additional .25% rate cut would have some big difference. Oh well, that's the market, take it or leave it. Now is the time to get ready to buy! Good luck all longs, we'll need some!
While I'm a realistic/optimistic long-term holder, not sure if we're going to see that much of a jump.
We might see a little bump, but the rate cut is already priced into the market. I'm sure there are many short-term holders who hope there's a jump. If FCX drops, they have a stop-loss limit. If the stock really bursts up, they'll take profits thereby preventing/slowing further daily appreciation.
IMO, there are certainly opprtunties for day traders and short-term holders, and while a select few of these will make great returns, the best return w/ less risk will come to long-term holders.