Comments on: Fed Decision Looming, Share Your Guess

By: Andy

Andy — Wed, 12 Dec 2007 14:15:18 +0000

Well so much for that trade. I got stopped out before I even showed up to work.

How many more times is the Fed going to bail the market out???

By: Andy

Andy — Tue, 11 Dec 2007 23:21:18 +0000

Thats why you shouldn’t try to guess what will happen and instead focus on the market’s reaction to what actually happens.

By: Webomatica

Webomatica — Tue, 11 Dec 2007 22:15:08 +0000

Ouch! Looks like it was a quarter point as you predicted, but the market reaction was not good at all.

By: Jorge

Jorge — Tue, 11 Dec 2007 20:37:33 +0000

Under 1490 it seems. Nice trade. If I had the ability to do so I’d trade the e-mini S&P. I’ll stick with the SPY for now (with much smaller gains )

By: Andy

Andy — Tue, 11 Dec 2007 20:11:15 +0000

Officially short March e-mini S&P at 1508. Current price 1502′ish…

Stop in place at 1523…

Time to sit and wait

By: Jorge

Jorge — Tue, 11 Dec 2007 19:53:18 +0000

I’m disappointed in the 25/25. 25/50 would have been more acceptable I would think. No matter. SPY puts?

By: Bubs

Bubs — Tue, 11 Dec 2007 19:00:03 +0000

My guess is that the markets close higher after the announcement. I don’t think the 25 or 50 will make a big difference, the language will reflect further cuts down the road which will excite the bulls.

By: Bryan

Bryan — Tue, 11 Dec 2007 18:56:30 +0000

25 basis point Fed rate cut, 50 bps at the discount window. Language should reflect further cuts probable. I think the numbers recently are too good to demand 50 basis points right now, but I don’t think it’s outside the realm of possibility.