The fed 2:15

[chinaman711]

Hope he says the right things and goes with just the .25 hike. Good luck

[loslobos71]

you got your wish (mine too)!!!!

Look at MER, IIF, AMGN...:)

[clavocat]

son of a...should have covered my shorts!!

[clavocat]

dont get overly excited, everything will come back to earth, for at least today, u guys think the housing market will continue to go down?

[Stas1976]

It is ok in general that Fed does not surprise the market - 0.25% is ok. I guess this rise is really a good thing for economy. Housing market should be cooled otherwise it goes out of control especially in CA. So I am agree with Bernarke in what he has said.

[chinaman711]

Thank you fed : ) now su get your bunns to 80 cvx here comes 63

[NATHAN LLOYD]

This rally will be done on the 5th, so enjoy your blind optimism while it lasts.

[clavocat]

why the 5th?

[NATHAN LLOYD]

Vacation is over...back to reality of 5.25 with us still looking at the numbers for a pause or not. Energy will weigh heavily on the market that isn't oil and gold.

It's obviously the window-dressing spin on things right now, which plays well into those bulls who have been waiting to throw their money at everything and anything. The tech sector will be the first one to be weak next week.

[NATHAN LLOYD]

LEND is already begging for shorters.

[David411]

So what caused this rally? Whatever it is, Im back even again after my portfolio being down 13%!

[David411]

Could someone explain to me why the stock market goes up when the fed RAISES rates? I thought it was the other way around, or was the hike smaller than people were expecting?

[oldboldpilot]

Well Nathan, I can certainly understand your pessimism and I have been looking to sell into a rally...ANY rally. I am holding three positions and hope to get out of the largest tomorrow after an earnings release.
I see no reason for great optimism, in fact, quite the opposite. I still believe the Fed has overshot and will send the economy into a recession. Previously owned homes are NOT SELLING in my area and the outlook is not good any time soon. Home repossessions are escalating with people who have ARM loans. New homes are selling only because of "incentives" the homebuilders are giving. All in all, things look a little bleak in my neck of the woods !

[optimus25]

Vacation is over...back to reality of 5.25 with us still looking at the numbers for a pause or not. Energy will weigh heavily on the market that isn't oil and gold.

It's obviously the window-dressing spin on things right now, which plays well into those bulls who have been waiting to throw their money at everything and anything. The tech sector will be the first one to be weak next week.

I agree. Their is a high probability of a sell off next week. I'm going to go ahead and possibly lighten up tomorrow...ahead of next week. I'll be going to lake havasu Wed-Friday...I don't want to be holding positions until possibly a buying opp towards the middle or end of july. Just a feeling.

[optimus25]

Well Nathan, I can certainly understand your pessimism and I have been looking to sell into a rally...ANY rally. I am holding three positions and hope to get out of the largest tomorrow after an earnings release.
I see no reason for great optimism, in fact, quite the opposite. I still believe the Fed has overshot and will send the economy into a recession. Previously owned homes are NOT SELLING in my area and the outlook is not good any time soon. Home repossessions are escalating with people who have ARM loans. New homes are selling only because of "incentives" the homebuilders are giving. All in all, things look a little bleak in my neck of the woods !

Same here. I live in Orange County and median housing is like $450,000...I think. I see a lot of homes on the selling block...listing for 1.4 Million....you gotta be kidding me. 1.4Million on a 2500sq foot place?

No value (over value) in housing...I still stand by the idea that the speculators in Housing will be moving back into the equities market...they're gonna want to move money somewhere.

[loslobos71]

Could someone explain to me why the stock market goes up when the fed RAISES rates? I thought it was the other way around, or was the hike smaller than people were expecting?

In this case it is because they signaled that rate hikes may stop soon. Everyone knew they would hike by .25%

[optimus25]

Could someone explain to me why the stock market goes up when the fed RAISES rates? I thought it was the other way around, or was the hike smaller than people were expecting?

Its about the wording. I heard the news on CNBC and found it to be quite positive for a pause in August. Couple that with end of the quarter window dressing (by institutionals) and short covering and you get a nice mix of upside.

We'll see a sell-off as we get profit taking in the next couple of trading sessions.

[Imperator]

The indicators I've seen have had prices fall over the last month.

I think the main driver of inflation in this economy now is basic material prices (copper, steal, nickel, etc) and obviously energy and oil pricing.

[SpongeBob]

I covered my short on UBB "right after" the interest rate announcement. I lost 4% from that crazy bank stock. It ran up to +8.5% by end of the market. Well, people are nut. I took all my $ out, let see what happen in next week. It could be a short term rally.