I could care less about a 50 bip cut, it's in the market. I also don't care that Ben will try and telegraph that he will still use all the broken arrows in his ragged quiver to "calm markets." I want to him to say g-l-o-b-a-l r-e-c-e-s-s-i-o-n. A phrase that he has been unable or unwilling to say.
The market is getting that coiled spring kind of feel and I will make a move short or long after the announcement. The 5 minute charts on the indexes look VERY bullish as I write, but as we all know that can change quickly.
Wednesday, October 29, 2008
Will Ben Say The "R" Word?
About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
