FED emergency cut imminent imo. 50 to 100 basis. I have a bet with both my partners. They think I am crazy. nitro
Im long deferred fed funds futures and I have no idea what to do. there is no liquidity anywhere, you got to pay up to get out and there is the fed cut chance. crazy
I had to use a different more liquid contract to lock profits. like a spread trade. but this market it nuts, the bill almost passed, -500 day should change the mind of a few politicians. there is no way they wont pass some kind of bill
If you watch Cspan, one of them was asking if he could change his mind. I think they played politics, so that they would be seen as having voted nay by their constituents. They all believed it would pass because the other guy would vote aye, and guess what, not doing the right thing instead of worrying about politics, and you are fucked. Morons. I would fire them all. nitro
yes, all of the sudden a bunch of suporters will emerge when they see the meltdown they created. I think the fed will use washington as a guide here, if no good bill then they emergency cut and we are headed to japanese rates, if they have a good bill then I think they wait for the next meeting
This sell off is on tiny volume [given the context]. 3.5M ES? I do not put a great deal of weight on it. nitro
For investors. Don't be afraid. Nibble at good companies here. Some ideas I gave before: HBC NKE MSFT IBM MRO In fact, buying SPY is a good trade now. QQQQs are a strong second. nitro