Wednesday, October 29, 2008

It's Baked Into The Cake


How much of yesterday's low volume short squeeze/rally was in anticipation of today's 50 basis point rate cut is ALREADY baked? Unless you have been hiding under a rock in the sahara desert, then you know the FED will be cutting by 50 bps today. I smell a sell the news scenario.
Plus, CNBC is doing that same song and dance again, calling a bottom! hmmmmmmmmmmm

4 comments:

Anonymous said...

I hope you are right, positioning myself in DXD. I'll keep my fingers crossed

Anonymous said...

I hope you are right, positioning myself in DXD. I'll keep my fingers crossed

Stewie said...

smiles here ;-)

Stewie said...

played it with SKF myself, but i am all out. booked 2500 and i am happy with that. trade this on your own now brother. good luck.

Blog Archive