2 pm housing boom

T

tradingblues

I was short on housing stocks and everything was going well and suddenly at 2 pm after fomc minutes market changed direction.


Look at the volume starting at 2.

I tried to figure out what was in the minutes that triggered it. I expect this kind of reaction on news. But I dont see any news.

Any ideas?
 
Quote from tradingblues:

I was short on housing stocks and everything was going well and suddenly at 2 pm after fomc minutes market changed direction.


Look at the volume starting at 2.

I tried to figure out what was in the minutes that triggered it. I expect this kind of reaction on news. But I dont see any news.

Any ideas?
More...

the minutes indicate that the fed is about done raising rates.
 
Quote from vhehn:

the minutes indicate that the fed is about done raising rates.
More...

Agreed.. look at the bonds today.. we are definately heading towards a inverted yueld curve..
 
US rate futures jump as Fed seeks exit strategy
Tue Nov 22, 2005 2:14 PM ET
www.reuters.com

- U.S. short-term interest rate futures jumped on Tuesday after minutes from November's Federal Open Market Committee meeting suggested the central bank was looking for a way to change the wording of its statements.-

-The minutes said that some Fed members worried about "risks of going too far with the tightening process."-

-Dealers said the minutes supported ideas that the FOMC could pause its program of rate increases early in 2006.-

-Chances of a Fed rate move in March, the meeting that recently has been most "in play" in futures, dropped to 38 percent from about 58 percent-
 
i was watching it too with my finger on the "short button"...luckily i didnt hit it. it was news, significant news. Interest rates directly effect housing sales.
 
Looks like the plan was to inflate away the debt after all.

USD $1 bills will soon become shit paper and a cheaper alternative to firewood to keep the home warm this christmas.
 
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