Market Talk / August 6 - 12

Musta been thinking about the Fast STO? Yeah, that's it (just kidding). Sorry just thinking out loud.:notrust: :confused: Don't worry I'll get it! Thanks for the info that site helps alot.:)
 
Geomagnetic Storms

The Federal Reserve has published an interesting report entitled "Playing the Field: Geomagnetic Storms and the Stock Market" that finds that geomagnetic activity (which is due to the effect of solar storms on earth's magnetic field) has a very strong correlation to selloffs in the stock market. They found that high levels of geomagnetic activity precede large selloffs in the stock market.

http://www.n3kl.org/sun/noaa.html

http://sec.noaa.gov/NOAAscales/#GeomagneticStorms

http://sec.noaa.gov/

Small storm no problem....Not that I follow this, but it is a cool site... Nice images! Looked for buy and sell signals, none found.. Nice charts for Spaf to look over...
 
:nuts: A new chart!

babybison.jpg
 
US Market Futures at posted time:
S&P 500 +2.60 1284.80 8/8 0:10am
NASDAQ +3.00 1505.50 8/7 11:44pm
Dow Jones +12.00 11279.00 8/8 0:10am
 
robo said:
Geomagnetic Storms

The Federal Reserve has published an interesting report entitled "Playing the Field: Geomagnetic Storms and the Stock Market" that finds that geomagnetic activity (which is due to the effect of solar storms on earth's magnetic field) has a very strong correlation to selloffs in the stock market. They found that high levels of geomagnetic activity precede large selloffs in the stock market.

Interesting paper.

Link to Fed paper
 
Will any number released today before the FOMC be figured into today's decision, or is it already in the bag?
 
I really don't know, but I think if their decision was a really close call, Yes they would take todays numbers into consideration. They put out a final report later, correct. NOT GOOD I'd say. This is going to be lots of fun or lots of PAIN!:D
 
Heres some hot air to contemplate

``The Fed has been signaling that they are pretty close to the end of their cycle and will pause,'' said John Katter....``That should act as a catalyst for the stock market.''

on the flip side they go on to say

``Everything is on hold until the Fed's decision on interest rates,'' said Alison Sinclair....``The market has priced in the fact that they don't expect rates to move.''

http://www.bloomberg.com/apps/news?pid=20601087&sid=aobClaYTYnhc&refer=home

The expert in this rag states -

“Whether or not the Fed pauses in August is not as important as their plan going forward,”

http://www.msnbc.msn.com/id/3683270/

The way I see it, the media is in full market manipulation mode. If the market gets a slight bump after the news, but then turns south because, of continued inflation....blah....blah....blah....they all get to be right...and were left with the market slipping into the toilet yet again. :(
 
My S fund is falling off the table right now. Far worse than the C. What gives? Has the Fed rate decision been leaked? Small caps are supposed to like low interest. They should do well if the Fed stops which is what most are expecting. But if the Fed were to raise again, and word got out, that might cause the small caps to fall off worse than the C. I'm really not much of a conspiracy theorist, but it seems like the markets always move the right way before these major announcements.

Dave
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Oops. Now it has bounced back just as sharply, so clearly I don't know what I am talking about. Neither do the traders apparently.

Dave
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Straight up then straight back down, give it time!
AP:nuts: :nuts: :nuts: :nuts:
Fed Leaves Key Interest Rate Unchanged
Tuesday August 8, 2:20 pm ET
By Martin Crutsinger, AP Economics Writer

Fed Leaves Key Interest Rate at 5.25 Percent After Long Stretch of Hikes

WASHINGTON (AP) -- The Federal Reserve on Tuesday left a key interest rate unchanged, marking at least a temporary pause in what had been the longest unbroken stretch of Fed rate increases in recent history.
The Fed's rate-setting committee voted 9 to 1 to leave the federal funds rate, the interest banks charge on overnight loans, at 5.25 percent. It was the first time the Fed had met and not raised rates in more than two years. However, the relief for millions of business and consumer borrowers could be only temporary. The central bank said that "some inflation risks remains," holding out the possibility that it could resume raising rates at future meetings.
http://biz.yahoo.com/ap/060808/fed_interest_rates.html?.v=10
 
Tom mentioned in his Market Comments a few days ago that we used to get reversals of these big news day moves the next day but that more recently the reversals were coming within a few hours. Today we knocked that down to 2 minutes. Being invested in the S fund today, I went from hero to goat in about 90 seconds.

Dave
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Wheels said:
Being invested in the S fund today, I went from hero to goat in about 90 seconds.

Dave
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If that holds, I went from chicken to hero being in G fund then.

Ocean
 
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