fed thoughts?
#1
Posted 27 June 2007 - 01:47 PM
#2
Posted 27 June 2007 - 01:58 PM
I am curious as to what some of you think about the Fed's impact tomorrow.
Do you plan to hold your positions whatever they may be? Or do you intend to be flat prior to the Fed and then make your move by EOD tomorrow?
There seems to be some trepidation ever since the index put buying increased suggesting to some that perhaps oex boys are afraid of what the reaction may be, while others feel that it will be a good boost on whatever rally we might end up with today.
opinions welcomed.
Here is something to chew on this evening.
Paulson: US Very Well Positioned To Face Global Competition
Paulson: Mkt Volatility Is Normal; Mkt Rates Still Low
Paulson: Market Stress A 'Wake-Up Call'
Paulson: US, Global Economies Strong
The Washington Post's Nell Henderson wrote: "In their meetings over the next
two days, members of the Fed's top policymaking committee are expected to
discuss whether to highlight their concerns about overall inflation in a
written statement, a step that could look like moving the goal posts to
investors accustomed to the central bank's emphasis on core figures."
Remember this day, men, for it will be yours for all time.
#3
Posted 27 June 2007 - 02:10 PM
I am curious as to what some of you think about the Fed's impact tomorrow.
Do you plan to hold your positions whatever they may be? Or do you intend to be flat prior to the Fed and then make your move by EOD tomorrow?
There seems to be some trepidation ever since the index put buying increased suggesting to some that perhaps oex boys are afraid of what the reaction may be, while others feel that it will be a good boost on whatever rally we might end up with today.
opinions welcomed.
Here is something to chew on this evening.
Paulson: US Very Well Positioned To Face Global Competition
Paulson: Mkt Volatility Is Normal; Mkt Rates Still Low
Paulson: Market Stress A 'Wake-Up Call'
Paulson: US, Global Economies Strong
The Washington Post's Nell Henderson wrote: "In their meetings over the next
two days, members of the Fed's top policymaking committee are expected to
discuss whether to highlight their concerns about overall inflation in a
written statement, a step that could look like moving the goal posts to
investors accustomed to the central bank's emphasis on core figures."
#4
Posted 27 June 2007 - 02:26 PM
Indications from the Federal Reserve is that there will be no change to the current Fed Funds or Discount Rate, so the wording of the statement will again be what many fundamentalists will be basing their near term trading on.There seems to be some trepidation ever since the index put buying increased suggesting to some that perhaps oex boys are afraid of what the reaction may be, while others feel that it will be a good boost on whatever rally we might end up with today.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#5
Posted 27 June 2007 - 02:27 PM
[quote] ... the wording of the statement will again be what many fundamentalists will be basing their near term trading on.
Fib
[/quote]
What about people who aren't religious?
#6
Posted 27 June 2007 - 02:35 PM
[quote name='fib_1618' date='Jun 27 2007, 02:26 PM' post='296544']
[quote] ... the wording of the statement will again be what many fundamentalists will be basing their near term trading on.
Fib
[/quote]
What about people who aren't religious?
[/quote]
fib: that is of course true, however i am curious as to how some of the FF folks are playing it. because i always had the impression that the market does what it intended to do in the first place. it just plays off the information to it's liking sort of speak. however if the wording is fundamentally drastic then all bets are off i suppose. i stated my bullishness 2 days ago and all the stuff i mentioned still holds valid, but i always find hte fed to be a difficult variable for me to handle and i dont want to be flat just because of it.
drano....LOL
#7
Posted 27 June 2007 - 02:42 PM
Being flat is also a position, nothing wrong with it when clarity isn't known.but i always find the fed to be a difficult variable for me to handle and i don't want to be flat just because of it.
The market knows what it's doing, so better to trade off what you see technically than to worry about any near term distractions.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#8
Posted 27 June 2007 - 03:13 PM
Being flat is also a position, nothing wrong with it when clarity isn't known.but i always find the fed to be a difficult variable for me to handle and i don't want to be flat just because of it.
The market knows what it's doing, so better to trade off what you see technically than to worry about any near term distractions.
Fib
well, then, long it is - and ben is now merely a distraction.
#9
Posted 27 June 2007 - 05:39 PM
The crowd does not reason, it merely follows its instincts and traditions.The market knows what it's doing
The instincts can be reconditioned, the traditions are harder to change...
But the crowd does not think, never.
I can prove you this better than I can prove you the opposite.
- kisa
Edited by kisacik, 27 June 2007 - 05:40 PM.