Friday, August 26, 2011

I Think the Market Got Ben's Hint...

I was surprised the market didn't react to the expansion of the next FOMC meeting from 1 day to 2 days to reflect "something's coming".  It seems it is now getting the 'wink wink' as the S&P 500 has put on a huge reversal... after falling as low as the 1140s we are now mid 1160s.  Still a bunch of white noise until we get out of this range, but some opportunities there for very nimble traders.

Here is a tweet from PIMCO just out which says as much...


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