Coordinated rate cuts Buy rumor sell news

Discussion in 'Trading' started by detective, Oct 7, 2008.

  1. The market has been murdered, and yet traders are still latching on to the belief that a coordinated global rate cut will give them a monster rally to sell into.
    Now, if a lot of people are thinking this, and from the looks of it, that is the case. Just like the bailout plan passing, there is a high probability of a sell on the news reaction. After that, then we will probably find a bottom, not during the buy the rumor stage of this bounce.