ES down hard last night..and then..

[PohPoh]

what the hell happened??
They find a car bomb and the market rallies??

 

[noddyboy]

Quote from PohPoh:

what the hell happened??
They find a car bomb and the market rallies??

Buy first...ask questions later...

 

[MiniDowTrader]

Reference market action following the July 7th, 2005 London bombings.

MDT

 

[noddyboy]

Quote from noddyboy:

Buy first...ask questions later...

I am now flat...Got out starting at 9:21.

 

[Chood]

Quote from PohPoh:

what the hell happened??
They find a car bomb and the market rallies??

Equities rise if interest rates fall. You can figure out the rest.

 

[PohPoh]

Quote from MiniDowTrader:

Reference market action following the July 7th, 2005 London bombings.

MDT

Yeah, but that was after an attack had actually taken place, not a foiled one..

 

[MiniDowTrader]

Quote from PohPoh:

Yeah, but that was after an attack had actually taken place, not a foiled one..

Six of one...half dozen of another. These events, if outside the U.S. borders, are treated as "reaction" opportunities. Same could be said for the opposite events...ie: Bin Laden killed or captured. Would you BUY or SELL the reaction to this event?

MDT

 

[PohPoh]

ahh, i get it..it's called a headfake...Ya got me ES!!

 

[PohPoh]

Quote from Chood:

Equities rise if interest rates fall. You can figure out the rest.

Well, your theory sucks..
there is no correlation..

 

[Chood]

Quote from PohPoh:

Well, your theory sucks..
there is no correlation..

You may be right. It could be a wives' tale. However, in this situation, I surmised -- reluctantly because it is an unhappy thought -- that pricing algorithms boost equities according to the likelihood of a serious attack that leads to big rate cuts. Guesswork. You have another explanation?