100bps cut next meeting?

Discussion in 'Trading' started by Ivanovich, Mar 5, 2008.

  1. Market is reversing its trend.

    I shorted the hell out of the market yesterday and holding. Shorted the Consumer stocks, shorted a few banks that have not been beat'n down to much, MER, GS etc. Shorted the Blue chips and carrying a little YM short.

    I hope to hell they surprise cut at 100 basis while I'm carrying the shorts. That would be a blessing.

    But with my luck, I will have a nice sell off friday, may be this am, and then have to fight a few rally attempts before the market breaks down to 11500.

    It's never easy.....:mad:
     
    #21     Mar 6, 2008