If you are trying to play the high stakes game of specifically being positioned across a variety of assets properly for what Bernanke and The Fed do (and do not) say this coming week, have a look at this cheat sheet of the biases for voting and non-voting FOMC members.
Hat Tip: @johnkicklighter on Stocktwits
funny how the non voters are all hawks….
Everybody loves to rag on the ‘retail investor’, and have a good chuckle at their expense at how they wildly swing from bullish to hyper bearish at a small selloff in the equity markets.
That is just retail being retail. It always was and always will be that way. The pros shouldn’t laugh anyway, they need retail to behave precisely and exactly in that fashion. You do need another side of your money making trades, right?
The big stunner as we sit in 2013 is that our all knowing board of Fed Governors behaves just like the retail investor now!!! They crap their pants when a wildly over extended stock market pulls back 5%! Or rates go up by a mere few bps. and still leave the whole curve at levels of comedy.
All the Fed brains get together, realize that, in fact, things are out of control to the upside for asset prices at their doing, decide to jawbone the market down for a day or two, and then descend into a full blown panic at small selloff and send out a messenger to say, “just kidding, we will stay accommodative forever!! “