Don’t get whipsawed by the initial reaction to the FOMC decision. There is no way of knowing which way the market will go, after Ben shaves his beard.
Many times, the market will shoot higher, then collapse—or vice versa.
The smartest thing to do is wait until 3:30 to place a trade, despite risking the initial move.
The obvious beneficiaries of a rate cut are the banks, retailers and homies. However, since they have run up so high, I’m afraid they will run out of steam, quickly.
Currently, I have a cash horde, which I will deploy once I am certain of the market direction. For now, my bias is to the downside.
On weakness, I will buy more [[SKF]], [[REW]] and [[SMN]]. And, sometime soon, I will double up my [[LEH]] short. That fuckers is nuts.
On the long side, I might buy [[RIMM]], [[AAPL]] or [[VMI]].
In short, I have no burning desire to do anything, due to economic weakness, coupled with market strength. It just doesn’t add up.
Sometimes the best trade is to do nothing.
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If it looks good, dip into SHLD for a trade.
Doing nothing???? I am sharpening my dart throwing skills. I don’t call that nothing buddy!
Forty minutes until showtime.
Finishing off another 6-pack before the announcement. This is gonna be bad. LOL.
QQQQ volume spiking
Where’s my Bear Fly at? Caught in the trap?
This site just makes me want to drink beer and shoot people now.
-DT
We go higher on 25. Anything more and the market sells off.
I’ve got the gunship all warmed up…locked and loaded.
I think there will be a short-term bump up, but then everyone will realize that the economy still sucks, and it will fall again.
During times of rate cuts, doesn’t the market usually sell off? Look back from 2001 to the beginning of 2003…
I’m closing my eyes. Someone tell me when it’s over.
Yes OBtrice, Ducati posted a nice graph a few months back.
Whatever happens today, we really need to test the bottom again don’t we.
Test bottom, we will. May the Beard of Bernanke be with you.
1/2 pt cut announced
Yes, my servant Benjamin, you serve me well!
Salty ales all around!
(Yeah)FED cutes by half point!!
Benjamin lowered rates?
I must drink another 6-pack. Bank stocks are going up. Noooo!
SKF is getting the HHOD as the S&P just broke through resistance…