2 pm housing boom

Discussion in 'Stocks' started by tradingblues, Nov 22, 2005.

  1. I was short on housing stocks and everything was going well and suddenly at 2 pm after fomc minutes market changed direction.

    Look at the volume starting at 2.

    I tried to figure out what was in the minutes that triggered it. I expect this kind of reaction on news. But I dont see any news.

    Any ideas?
  2. the minutes indicate that the fed is about done raising rates.
  3. Agreed.. look at the bonds today.. we are definately heading towards a inverted yueld curve..
  4. US rate futures jump as Fed seeks exit strategy
    Tue Nov 22, 2005 2:14 PM ET

    - U.S. short-term interest rate futures jumped on Tuesday after minutes from November's Federal Open Market Committee meeting suggested the central bank was looking for a way to change the wording of its statements.-

    -The minutes said that some Fed members worried about "risks of going too far with the tightening process."-

    -Dealers said the minutes supported ideas that the FOMC could pause its program of rate increases early in 2006.-

    -Chances of a Fed rate move in March, the meeting that recently has been most "in play" in futures, dropped to 38 percent from about 58 percent-
  5. dac8555


    i was watching it too with my finger on the "short button"...luckily i didnt hit it. it was news, significant news. Interest rates directly effect housing sales.
  6. I see.
    Yahoo news headline says
    "Policy-Makers Felt Need to Raise Rates"
    Which points in other direction.
    Thanks for input.
  7. Looks like the plan was to inflate away the debt after all.

    USD $1 bills will soon become shit paper and a cheaper alternative to firewood to keep the home warm this christmas.