I'm thinking the rates will stay unched, market will rally 50-100 points in the dow, then I am a seller with my life. Bondos have been crazy all day so I will be looking at that and the EURO. I would probably be cautiously long going into it. Any info?
Must wait for Dow 10k before selling, so you're too early I'd say. I'll give all my assets to charity and join the Hare Krishnas if they raise
Of course rates will stay unchanged. They can't cut them, and raising them will bring on a hissy fit by the market (we can't have THAT), so it's all in the language. Will be interesting to see what the language says about the MBS purchases, though I don't think Banana Ben will change anything.
There going to recycle the same old talk as they did at the last 5 meetings. Rates will remain at 0% the outlook will be extremely positive, the markets will rally by 2:18pm, then sink as if they are going to drop triple digits and soar into the 4pm closing barely below 10k. They might push it to 10k so that all the the fools can rush to put on their DOW 10,000 hats for the 3rd Fu$king time.
Of course there would be bitch fits by everyone, most people want to see negative rates, they dont want rates higher, they have to be low so that we can create more asset bubbles.
UNCHANGED KEEP RATES LOW FOR AN EXTENDED PERIOD. FINANCIALS MARKETS IMPROVING HOUSING STABILIZING INFLATION TO REMAIN IN CHECK HAHAHAHAHA 2.3 TRILLION PURCHASING IN MORTGAGE BACKED SECURITIES. THIS IS THE BEST FEDERAL RESERVE EVER!!!! wow havent we heard all this before. SAID THERE A LITTLE MORE UPBEAT SINCE THE AUGUST MEETING. BUYYYYYYYYYYYY BUYYYYYYYYYYYY BUYYYYYYYYYYYY
Yep, Fed just gave a big FU to the dollar (again) and the party goes on. They're truly a bunch of fucking lunatics.