Tuesday, December 11, 2007

Fed Decision

Posted by TraderMark at 2:41 PM TweetThis
Ok folks, just got back in the saddle. Looks like 31% of you guys can pat yourself on the back. Personally, I think the Fed is now officially behind the curve for the coming tsunami. While I hate the printing press, I think its a necessity in some ways since things are so bad. OR at least 'necessary' if they think they are going to solve this problem the same way Uncle Al fixed 2002-2003. (personally a good cleansing recession would be good in the long run)

I'm really blown away that the discount rate was not cut over and above the Fed funds.

I bought a lot of Ultrashorts in the past 10 minutes. When/if S&P 500 breaks 1490 I will buy even more. Now what will the bulls point to as savior for the next 6 weeks....?

Amazing how we always go to 1490. For now it will provide initial support. If it breaks, well down we go....

Posted by TraderMark at 2:41 PM Comments (3) | Edit This Post | Create A New Post

3 comments:

Anonymous said...

I voted 25/50...guess I didn't give the Fed crackdealers enough credit.

December 11, 2007 3:07 PM  
Pankaj said...

I was 25/50 as well.. this fed likes it real slow.. ;)..

December 11, 2007 3:20 PM  
TraderMark said...

Credit markets were in frozen mode (panic) before this
I thought they'd go 50/50 to jolt the credit markets... I guess not

I am not sure what is below frozen.. but we are headed there in credit market

December 11, 2007 3:24 PM  

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