Discussion in 'Chit Chat' started by Roman Candle, Apr 29, 2009.
I had no idea, not like it really matters. Fed meeting, who cares!
Talk is that sometime by the end of 2009 rates will be back up near .50%, they aren't going to even do anything today but give everyone a heads up on where the economy is and where its heading, if they say anything positive I would just sit back and take it as one big LAUGH.
Consumer spending is up a bit.
This is not insignificant.
Probably has something to do with the fact you aren't a professional trader. If it was YOUR true profession, you would have known at least by Monday that we had an FOMC announcement on Wednesday.
What 'talk'?Fed fund futures are up today, this means lower a fed funds rate
I urgently suggest, that you consult one of the various economic calendars out there, e.g. http://www.bloomberg.com/markets/ecalendar/index.html
Rates are creeping back up, which is countering what the FED wnats at the moment, expect announcements of further fed buying of treasuries to lower mid-long rates down again.
Dear newbie! I suggest you take a full margined position around 14:10 without a stop loss. Then wait for what happens. You will be either very happy or will learn a valuable lesson such as not to talk about something what you don't know shit....
Separate names with a comma.