Emergency cut tomorrow?

balda · Mar 3, 2008

Quote from faith4more:

They have these meetings but read the text on what this one is about.

" Review and determination by the Board of Governors of the advance and discount rates to be charged by Federal Reserve Banks."

Shorts not going to sleep well

looks like longs can't sleep well

faith4more · Mar 3, 2008

But thing is they have it up for consideration tomorrow. Whether they cut who knows but odds lean towards them cutting. If I shorted Friday at close I would be nervous.

interdigital · Mar 3, 2008

Quote from faith4more:

But thing is they have it up for consideration tomorrow. Whether they cut who knows but odds lean towards them cutting.

We've been down at this level a few times since the last cut, and they didn't do anything. There won't be the chance of an emergency cut until we go under 12K.

If I shorted Friday at close I would be nervous.

Translation: I went long Friday at the close, and I'm nervous as hell.

bond tr4der · Mar 3, 2008

Quote from interdigital:

There won't be the chance of an emergency cut until we go under 12K.

Ha... That's like saying there won't be any chance of puddles of water unless it rains tomorrow.

HedgefundTrader2 · Mar 3, 2008

Quote from faith4more:

They have these meetings but read the text on what this one is about.

" Review and determination by the Board of Governors of the advance and discount rates to be charged by Federal Reserve Banks."

Shorts not going to sleep well

IF I was a short I wouldnot go to sleep. The rate cut is coming anyways and sooner they do it better for the economy. They will look very aggressive and in control.

I think the Feds let the cat out of the bag a hint for the market not to get creamed trying to be too bearish. They donot want you to get hurt either...well thought and well done.

HedgefundTrader2 · Mar 3, 2008

Quote from faith4more:

http://www.federalreserve.gov/boarddocs/meetings/2008/20080303/advancedexp.htm

I think its coming.

Feds telling the market don't get too bearish and get creamed. Get the hell out of the way before a steam engine rolls you down like paper mache doll.

HedgefundTrader2 · Mar 3, 2008

Quote from interdigital:

We've been down at this level a few times since the last cut, and they didn't do anything. There won't be the chance of an emergency cut until we go under 12K.

Translation: I went long Friday at the close, and I'm nervous as hell.

Don't count on that stupid logic of yours. Read between the lines.

Why the hell Fed put that notice out there a day before the market opens on Monday? They want you to get the hell out of the way and not get hurt if you hold bearish positions which they can see. The Fed are giving you ample time.. Get out.

research12 · Mar 3, 2008

He's right. It's way too risky to hold shorts until after this Fed meeting.

capmac · Mar 3, 2008

CUT RATES NOW !!!

Covertibility · Mar 3, 2008

Paulson to banks: "Go get it" if you need capital

If you iza needin' dough, you best dun go get it!

I don't think this guy has any clue whats going on anymore.

Q1 for the banks should be a doozy.