Discussion in 'Trading' started by Option Trader, Jun 24, 2009.
I've seen this syndrom happen many times. Please explain.
Buy the rumor, sell the fact.
Statement wasnt dovish enough
Buy on rumor, sell on news. I've been noticing the S&P been trending down all day. Wow, Boeing just popped up on my radar. Holy crap, thought I missed the boat on that one. Might get a chance to load up.
As I said in a different thread. The Fed didn't say shit. It was a waste of my time waiting for the statement. Market is unimpressed!
Fed, economy, etc have nothing to do with stock market.
Stocks are (an independent) commodity that affects economy, fed, etc, and not the other way around.
Tell that to all the folks with billions in buying power that were glued to their bloomberg terminals with a finger on the trigger a few minutes ago
did you not see that head and shoulders in the DOW?
So we could all buy lower
It's going up.
People with a lot of money does not mean they understand the market. If they are smart monye, they should anticipate not react!
Markets determine Fed actions and economy, not the other way around.
Think of stock market as huge polling center where people vote with their money, and others use it to hedge, raise cash, use prices for planning and analysis, etc.
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