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its a perilous market no doubt, but that doesnt mean there cant be opportunities here and there, even long.

i know its a contratrade, but i dont mind the risk down here. i agree that fed will be stepping up at any moment. plus we are in oversold territory accd to every indicator. more risk shorting than buying. besides, the fact that everyone here is scared probably tells me its the right thing to do.

agree, im just getting small positions here and accumulating into close. almost every big selloff is met with big gap up, if not a late day buy frenzy.

maybe we are fools, but im buying too.

well that would make sense...he will be explaining the motives behind the surprise cut.

nobody else heard the rumors? look what happened last time mkt did this late in the day? lets just say it does - how much will s&p futures rise? 30-40 handles?

any thoughts?

anyone else hear this rumor being floated around today?

I know this is my first post here, but I just decided to join the site since I have been reading it more often these days. I am a trader that has been in this business more than 5 years and have been consistently very profitable. I know several others that are as well, but realize we are a...