11 replies to this topic

[Venatici]

That the Fed has announced the rate cut on Opex before the open...

Booo--freaking-hooo

Looks like a lot of people got caught upside down. Good sign.

Once again... Fed actions aren't about some short term traders and their positions.... This is about restoring market confidence and economic stability.. Whoever got caught uspide down.. better luck next time.

It might restore economic stability. But it certainly did not restore any market confidence, at least not for me.

[n83]

I believe they chose their timing for maximum impact. Since yesterday was already showing signs of technical reversal, they wanted to add to that upside momentum and guarantee that the reversal would indeed take place.

I think its quite the opposite.. We had technical reversal yesterday, because someone knew this was coming.
Look at the humangous volume in financials yesterday and the bid under the banks all morning, despite the market tanking.

yep