Meeting starts at 2pm eastern time! Get ready for MAJOR, EXTREME VOLATILITY! I hope many here are on the right side of the trade, Im still short this market with a few longs, shorted the VIX around these levels just in case the market decides to spring upwards late this afternoon. Looks like the markets are getting a head start to the downside!
Thanks for the info. Is there a web cast or any other live coverage on the web? Yes agree about the volatility - VIX will break 50...
"Bernanke, who is scheduled to speak on Friday at 10 a.m. EDT, is most likely to outline gradualist measures, which would disappoint those looking for dramatic action, such as a fresh round of asset purchases." 10am Eastern? WTF??? http://www.reuters.com/article/2011/08/25/us-markets-stocks-idUSTRE7771O020110825
WHEW talk about a turn around!!!!!!!!! Shorting the VIX was the way to go!!! LONG SDS at $24.75 Going to be an interesting day