Today's Action

Why is the market so quiet today?

 

buy all dips

 

Its quiet because of the Fed meeting tomorrow, thats the reason why, anticpation awaits what the federal reserve is going to do tomorrow which many already expect them to cut rates by 50 basis points which of course is just insane at this time.

 

....says the broken record since when the DOW was at 14K

 

He meant "sour cream and onion"........with a bag of rippled potato chips.

 

Ya I saw that for tommrow, but since I've been at home trading, from what I've seen it's normally the day of the Fed meeting that the market is quiet, not day before.

Is there some kind of automaker announcment coming around 4:00pm today?

 

Low volume. Big Heggies and Funds waiting for a rally after auto industry bail out so they can sell to cover redemption's.

 

You got it.

Ramp it up to SPX 930 or over and then sell sell sell until end of year to new low, redemptions, tax loss selling, bonus $ for those who bought below SPX 800 and sell to sheepies above 900

 

interesting....thanks

and so this bailout is supposed to becoming when?

 

Just a guess but Bush and Paulson would get the most bang for their time when the FED makes it's rate announcement on Wednesday.
I plan to be long the ultra etf's by then