iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,445 Blog Posts

Waiting Game

As much as I want to sell all of my longs and embrace the horror (shout out to Krull) of the stock market, I know better. Ahead of the Fed, it makes little sense to trade anything. Additionally, the initial reaction of the market, after the Fed news, is usually a head fake. ROFL. It’s so fucking stupid; but it’s true.

Anyway, let’s pick this conversation up after the Fed, shall we?

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45 comments

  1. Bullish

    Time to eat a sandwich.

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  2. $

    How will QE 2 differ from QE1, besides not really spending it. Well half of it….. Whatever!!
    History shows dollar down market up.

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  3. Good Shepherd

    im watching for the bulls to rally after the decision, and the market sells off into tomorrow afternoon. that would be a reversal in the trends of sell off in the morning, rally in the afternoon. thats my confirmation we are going lower

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  4. TheV.King

    Thanks for not saying FIG or Fly is God….Bullish and $…

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  5. The Fly

    We can easily fall 2-3% today. Be alert.

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    • TheV.King

      George Soro’s won’t let that happen…

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      • The Fly

        George is short stocks.

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        • checklist

          Those superstar investors constantly. Use the media to pump their positions, or, alternately, create misdirection (ala bill gross moving into stocks because bonds were done, while loading up on treasuries)

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        • TheV.King

          He has to keep Obama’s above 40% or he won’t get his( Soro’s) policies thru…

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    • checklist

      SI don’t doubt that. We would then be firmly oversold per the ppt

      Wrt a recent debate about whether stocks have ever gone up when inflation hits… I wonder if the spread of info, likethe fact that over long periods of time stocks are great inflation hedges, will mitigate an inflationary selloff or even cause the opposite. Peeps now know that stocks, long term, can hedge inflation, and plenty of them are cheap, so… the markets could reasonably react differently this time

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  6. Dirk Diggler

    County Law!

    http://www.youtube.com/watch?v=n4tqXoFnR6k

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  7. Back from the Brink
    Back from the Brink

    Anyone holding any AXL?

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  8. AfterIt100

    sell the rumor, buy the news?

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  9. Fly Leech

    Listen. I know for a fact, because I read it on CNBC: The market was up yesterday in anticipation of an action by the fed today. The market is down today due to an expected action by the Fed this afternoon. I know this ’cause I read it on their web site and it makes me feel smart.

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  10. TraderCaddy

    Am I to assume that QE2 is the new buzzword (like M2 was in the ’70s)?
    This shall pass and then on to the next stupid buzz word for Wall Street.

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  11. Purdy

    Those who are fearful of a velocity spike have been buying commodities, the deflationists debt. They have totally opposite views of the our current situation. Both are afraid.

    There is nothing the FED can say or not say today that won’t be disruptive to one or both of these camps.

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  12. Back from the Brink
    Back from the Brink

    EDGY, as always…

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  13. Yogi & Boo Boo

    Indeud. I just wanted to say that. Ate my sandwich already.

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  14. E Mandingo

    A+

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  15. Minute Trader

    Spy volume at 11:43 3.3K shares. Turn those machines back on!!

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  16. TraderCaddy

    No sandwich here.
    Eating a handful of peanuts (unsalted), a Klondike bar (Dark Chocolate), and some watermelon.
    Very tasty.

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    • Purdy

      dark plastic ..try Dove Bar instead.

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      Hey TC, those Dark Chocolate Klondike bars are yummy!

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      • TraderCaddy

        They had a buy one get one free at Publix so I bought (I do the household shopping) Double Chocolate and Dark Chocolate.
        Dove is good but I wait until it goes on sale.

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  17. Mr. Cain Thaler

    I repurchased VXX.

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  18. noodle

    its not stupid its just how it works!!!!!

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  19. noodle

    its just war nothing more!

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  20. nickfenton

    Here’s how I trade FOMC….

    If the initial move is 0.50% or greater, I wait for a 80% retracement of the initial move then take a position in the direction of the initial move. This is typically a position I take on within 5 minutes after the release, and I don’t hold much longer than 30 minutes in most cases. My success rate with this strategy is just under 75%. Good times.

    Note: if the initial move is less than 0.50%, I typically don’t trade.

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    • Po Pimp

      I like to flip a coin. Works 50% of the time and you don’t have to go in and out in the blink of an eye.

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  21. 1134

    Foreign embassies urgently evacuate staff from Russia:

    http://www.kavkazcenter.com/eng/content/2010/08/07/12359.shtml

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  22. francesco

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  23. francesco

    alla dead ?

    did you take the chance to do xx.000 tna from 42.40ish to 43.60 and more ..
    hope so ..

    sure enough , not all days carry such easy ( nicely ) wide moves

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  24. francesco

    O___O
    ALPHA BRAVO ALPHA BRAVOS , ME RECEIVES ?

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