350Z's I fund thread DEC 07

[350zCommTech]

Fed cuts anything less than .25 FFR/.50 discount and doesn't provide future hints on additional cuts we sell off.

Anything above those three things, we melt upwards (if we get .75 discount cut... Birchtree is gonna blow a wad). The last time we had the .25 cut on 10/31 we had suprisingly low volume on 10/31 through the close with a sell off in the last 20 minutes, hinting at the real market reaction. Volume and momentum in that last half hour should give directional hints for tomorrow's IFT... I hope.

GL, hope we all get some crazy bananas today. Gotta get the third paragraph ASAP!!!!!!!!

Are you watching the VIX? It has dropped big from this morning.

12 minutes to go...:worried:

 

[Procure]

If they do a .50 cut then I should have stayed 50 in the I fund....cause the dollar would sell off even more...and OSM's tonight will surge and together offset any +FV taken back the following day.....we need a chart for all these FV possibilities I think....but 10 minutes and counting till BOOM GOES THE DYNAMITE!

 

[fedgolfer]

http://www.federalreserve.gov/monetarypolicy/fomc.htm#calendars

should be posted here shortly after 2:15, sometimes the press has it out faster.

Financials already getting anxious!!!

 

[Minnow]

I'm ready for today's Apollo mission.... Hey, did you say this was Apollo 1 or Apollo 11? No matter, let's just ride this thing.

 

[350zCommTech]

Good observation. Perhaps after the FOMC announcement bad news will become bad news once again.

Did you read the BAC news. It's big time scary.

 

[350zCommTech]

Apollo 13...Houston, we have a problem...

It was a good ending, right?

 

[Nimrod1193]

Markets just fell off a cliff.

 

[James48843]

Huge down

 

[Wrngway]

Beat me to it!

 

[350zCommTech]

Oh well, glad I'm out for tomorrow.

 

[Procure]

Boom....

 

[DCguy]

fed signaled another rate cut.. watch the ball bouncing back up.

 

[rym2001]

i'm sure the people at barclay will hit as hard with the -fv tonight

 

[fedgolfer]

fundamentally, the markets should be in a better place than 10/31 because of the rate cuts. I hope non-financial sector related stocks can relatively maintain their values.

 

[350zCommTech]

Boom....

That was also the sound from Yen carry trade.

 

[350zCommTech]

Jim Cramer is about to be on CNBC. That ******* better not go crazy. We're already down 200 points.

 

[fedgolfer]

1490 held on the S&P... maybe Ben called Wall Street's bluff. Volume suggests big boys are going to let this slip under 1490 without a fight.

 

[350zCommTech]

Looks like the Dow found support at 13500.

The dollar didn't move up as much as expected, given the disappointment from the Fed.


I was worried by the fall in TNX this morning. Did bond traders know?

F fund up 7-8 cents.

 

[Frixxxx]

Or maybe crazy like a FOX!! I think the market is getting ready for the 25 announcement...that's already in the market. I bet you its a blood bath after the announcement. Everyone will be adjusting for the long-haul on the market and solidify their position.
BUT, the dollar may not do much after that (fingers crossed)....could save the "I" team. Long reach though!

I hate when I'm right

 

[350zCommTech]

I hate when I'm right

Good call. Were you calling for that Yesterday also?