I've heard it reported that the fed funds futures are anticipating a 1/2 point cut, but <b>does anyone know the percentage odds, based on their last trade?</b> The fed fund futures were designed in such a convoluted way, you need a mathematics degree to decipher this shit. I've actually made barrels of cash by predicting the Fed's actions/likely market reaction BEFOREWARDS! Gaming the Fed in advance is a 100% legit trading maneuver, IMO. To each his own...
It was a rumor last week .50 cut, today it was said it will be .25 cut stocks sold on this. ISRG BIDU. You didn't catch that news?
They'll "eat shit". Bernanke has been handed quite a pile of it. No long term recovery without massive, and I mean MASSIVE government cut-backs on spending and cut-backs on personnel. Only when there are droves of homeless in Washington DC will we know the recovery is neigh. Until then, everything else is temporary smoke and mirrors....especially this stimulous plan.
You sure about that? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1770634> (From Briefing.com)
Careful tomorrow. Make sure you bring something to nibble on like a baby bottle incase you cry during the day.