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01-28-2009, 03:22 PM
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#1 |
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forum leader
weekly challenge winner 13x
mar/07 simulation winner feb/07 simulation winner jan/07 simulation winner nov/06 simulation winner june/06 challenge winner april/06 challenge winner  Join Date: Feb 2006
Posts: 5,328
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Market spikes on FOMC announcement
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.
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01-28-2009, 03:34 PM
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#2 |
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forum leader
weekly challenge winner 13x
mar/07 simulation winner feb/07 simulation winner jan/07 simulation winner nov/06 simulation winner june/06 challenge winner april/06 challenge winner Join Date: Feb 2006
Posts: 5,328
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Re: Market spikes on FOMC announcement
DOH!! That didn't last long, i hate Jeffrey Lacker.
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01-28-2009, 03:46 PM
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#3 |
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valued contributor
Join Date: Feb 2008
Location: In your gas tank
Posts: 651
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Re: Market spikes on FOMC announcement
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.
__________________ A man begins cutting his wisdom teeth the first time he bites off more than he can chew. Herb Caen |
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01-29-2009, 10:42 AM
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#4 |
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valued contributor
Join Date: Feb 2008
Location: In your gas tank
Posts: 651
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Re: Market spikes on FOMC announcement
Looks like pretty light volume on this selloff.
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01-29-2009, 10:44 PM
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#5 |
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valued contributor
 
Join Date: Mar 2008
Posts: 378
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Re: Market spikes on FOMC announcement
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. |
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