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
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4 comments:

  1. AnonymousOctober 29, 2008 at 10:51 AM

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

    ReplyDelete
  2. AnonymousOctober 29, 2008 at 10:51 AM

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

    ReplyDelete
  3. StewieOctober 29, 2008 at 11:24 AM

    smiles here ;-)

    ReplyDelete
  4. StewieOctober 29, 2008 at 11:27 AM

    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.

    ReplyDelete