Discussion in 'Trading' started by capmac, Oct 8, 2008.
Yesterday it was the FED buying CP, today the rate cut.
What's in store for tomorrow morning?
Won't matter, stick to a plan.
Who cares. You can't control it one way or another. What you can control is deciding to go long or go short, focus on that instead. Worrying about what news will be released tomorrow will get you no where.
Tomorrow will bring the Non-Recourse Lending Facility (NRLF)
It will allow banks to borrow unlimited funds at a predetermined or auction rate without having to put up any collateral.
The Fed may also announce it will be a backstop for all financial institutions and will pay creditors 98 cents on the dollar in the event of a default.
I'm just joking, of course. So do not pass this on to bernanke or paulson. Then again, they probably get their investment advice for ET anyway. We're fucked.
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