So.. is everyone dissapointed by the fed statement ?
Started by
ogm
, Aug 07 2007 01:58 PM
3 replies to this topic
#1
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 07 August 2007 - 01:58 PM
I can be wrong of course, but markets are treacherous
#2
arbman
-
- Traders-Talk User
- 19,504 posts
Quant
Posted 07 August 2007 - 02:10 PM
I would let the upside momentum deplete before taking a short position...
It will test the lows, imho...
It just needs to convince about the upside first...
#3
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 07 August 2007 - 02:11 PM
I can be wrong of course, but markets are treacherous
You are very wrong
#4
IYB
-
- TT Patron+
- 7,146 posts
Member
Posted 07 August 2007 - 02:24 PM
Watching the Fed change policy is like watching the tide. The movement is almost inperceptible unless you use time lapse photoraphy (or a long term chart), but the swings from one extreme to the other are, in the end, quite unmistakable.
And like the tide which simply responds to the gravitational pull of the moon as it cycles through the heavens, the Fed, all powerful as it appears, is simply being pushed and pulled from one extreme to the other, then back again, by the ever- cycling economy.
"The inevitable march towards lower rates continues...."
But that just my view, fwiw.... 
D
D
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
