Crames says someone tipped off discount rate cut....

Actually, an example of "good" illegal inside information is when Congress knows and it benefits staff and members of congress who trade and profit. Bad illegal inside info is Martha Stuart.
 
Quote from flytiger:

Crames, I call him Crames, declares Financials ' trade yesterday says someone had it, and this morning.

Odd, since Poole gave such a hawkish interview to Bloomberg.

The Fed has a leak. Don't worry, the SEC is all over it.
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Key individuals on the floor had the news yesterday.

Standard procedure to leak to the locals before major news is announced.
 
before cramer became "cramer" he relied on inside info to trade.
now he's "cramer"
he gets offended if no one feeds him inside stuff.
 
Quote from aaronk321:

How would you explain the bloodshed in the futures market before the news came out?
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If you know the Fed govt. will be providing news to support the markets, do you:

a) Buy multiple 10,000 contract lots at the offer?

b) Sell 10,000 Contract lots at the Bid?

The answer is .......
 
There was a leak.

I know that for a fact because I was informed of the news and announced it in a private chat room.

Now as for asia selling off?

Those who were using cheap JPY to leverage higher returns in the Asian markets had to sell the equities to buy back the JPY. The currency is moving against them, why take a loss when it's better to sell the equity highs and pocket the profit.

Also several large japanese houses sold their equity positions because a higher JPY will hurt their export oriented corporations. Again, taking profits and making the cash register ring.
 
Perhaps you should take a few steps back and review the situation from the perspective of an institution/large investor. Good questions/items to consider:

1) How long will it take to reduce size in this market?

2) How long will it take to allocate the fresh capital to new positions?

3) How do I accomplish the above without hurting myself?

4) Does today's action in the US equity markets mark a shift in the trend (if there is one)?

:D
 
Quote from trader225:

All people on wall st. have to do is offer the fed's janitor $50 to let them know when there is an emergency meeting. They can reliably guess what the mtg. is about, unless you're suggesting that Paulson let the beans out.
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Yea, it's going to be "too bad" when the telephone is invented and people don't need to be in the same room at the same time for a conference. That will really "screw" up the leaky janitor source.
 
You know, I'm half joking starting this thread, but how the hell does this happen. If I knew about it, I'd be scared shitless. But somebody thought it was a good idea to leak it and create a melt up.

Let me rephrase. It was a good idea to get long and enjoy the meltup if you're of that bent. But leaking a Fed decision like this is insane. The whole thing is just insane.

I think I need to be a Knight in England.
 
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