Why Fed Will Pull The Rug Today

Discussion in 'Trading' started by shortie, Jun 24, 2009.

SPY Reaction to Fed Today

  1. +3%

    5 vote(s)
    13.5%
  2. +1.5%

    3 vote(s)
    8.1%
  3. Flat

    17 vote(s)
    45.9%
  4. -1.5%

    7 vote(s)
    18.9%
  5. -3%

    5 vote(s)
    13.5%
  1. They are pulling the rug from under FED !!! :eek: :D
     
    #21     Jun 24, 2009

  2. :D
     
    #22     Jun 24, 2009
  3. The only reputable source in this case should be the USG. Otherwise, it does not matter.

    I doubt it though. Main USG appointments seem to be supported by same forces that appoint Fed governers.
     
    #23     Jun 24, 2009
  4. Surf, now no talking your book since you're short.

    And besides, the goldbugs have been doing that since before we were born.


    Much love. I'm flat spec positions except long some Eurodollar puts.
     
    #24     Jun 24, 2009
  5. Daal

    Daal

    OP, forget it, Bill Poole just said there is no reason to signal any type of hike anytime soon. And he is as hawkish as it gets
     
    #25     Jun 24, 2009
  6. Yep, and given the amount of "taxation" coming down from the Beltway I'm sure that the FED won't be pulling the punch bowl anytime soon from the economy and the consumer.
     
    #26     Jun 24, 2009
  7. So it seems. And I used to think that the term "punch drunk" originated in the ring.
     
    #27     Jun 24, 2009
  8. Daal

    Daal

    If anything Bernanke will ask his wife to take a sip
     
    #28     Jun 24, 2009
  9. Would the above have worked better than holding through fed?

    In case of Qs it would have done well. I did not follow the SPY.
     
    #29     Jun 24, 2009
  10. it would probably have worked better if one could catch the turning points but it is hard to do.

    i did sell 2 puts close to the turning point today, but i consider it luck.
     
    #30     Jun 24, 2009