Market spikes on FOMC announcement

[aiki14]

Wow, I didn't think I'd ever say that again. I am glad they didn't say they were gonna buy treasuries, Jeffrey Lacker not withstanding, it's good for TBT.

[aiki14]

DOH!! That didn't last long, i hate Jeffrey Lacker.

[XOM]

I dunno, I can possibly see this enthusiasm running into the weekend. Although iirc the GDP number is out on Friday, so that could be the killjoy on another rally past S&P @ 900.

[XOM]

Looks like pretty light volume on this selloff.

[Gordo]

Where is the stimulus?

I know one thing. I will not be sitting over night/weekend on any short positions in financials. The govament is talking about another $1 trillion additional tax money stimulus on top of the $819 billion pork.

When will they announce? I bet 4:01pm on friday.