2 replies to this topic

[zedor]

1 I made a [bleeeep] load of money by accident as I scalp trade GLOBEX and had just bought a bunch of futures when it went ballistic. Sold at the market and went to the gym 2. I never trade expiring options so I dont care personally but knew in my belly that they would not allow all those NDX and SPX puts to go out in the money. 3. The Discount rate not the Fed funds rate was cut. So it is symbolic and proves it was an orchastrated action to help the FEDs buddys get out and not have to pay up on many options. 4. The Discount Rate cut does nothing to stem the tide afffecting the real-estate market collapse which is the real issue. People by the millions have now been locked out of the housing market for years. Most at least 7 years as their credit has taken a huge hit with late payments. 5. Money is not going to be easy to get so the crunch of liquidity will remain as its an endemic issue resulting from the "borrow and spend" mentality of the past 7 years.

Edited by zedor, 17 August 2007 - 12:54 PM.

[skunk]

1 I made a [bleeeep] load of money by accident as I scalp trade GLOBEX and had just bought a bunch of futures when it went ballistic. Sold at the market and went to the gym

Good for you!

Nature called and I had to respond. So while you made a #@$% load of money I was taking a $%#*. One of the more expensive $&@* I ever took

[zedor]

1 I made a [bleeeep] load of money by accident as I scalp trade GLOBEX and had just bought a bunch of futures when it went ballistic. Sold at the market and went to the gym

Good for you!

Nature called and I had to respond. So while you made a #@$% load of money I was taking a $%#*. One of the more expensive $&@* I ever took

I was looking to bag 1/2 point maybe 1 point as it was meant to be nothing but a scalp. I remain fully short and so this was a gift from helicopter Ben. The first such gift from him to me ever. Usually I miss his largess and totally get it wrong on Fed days.