ES Journal - 2012

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Quote from mastacoli71:

Looks like feds fired up the copy machine and just copied the statement from last meeting.

They did not want to rock the Grapple!
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The only thing different that I see is the accomodative policy continuing thru late 2014.

I may be wrong, but think it was shorter term last time?? :confused:
 
So far not much reaction, maybe this is why they picked lunch time, so as not to move the market as much.

Or maybe it's such a tame statement that people don't know how to take it.

The spring is coiling here...:p
 
Quote from keeptradin':

So far not much reaction, maybe this is why they picked lunch time, so as not to move the market as much.

Or maybe it's such a tame statement that people don't know how to take it.

The spring is coiling here...:p
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The movement will probably come when Bennie speaks at the press conf. However, I don't think he will change his tune much. He seems to be pretty firm on his direction with monetary policy.

In any case, we should trade what we see not what we think.
 
Quote from keeptradin':

So far not much reaction, maybe this is why they picked lunch time, so as not to move the market as much.

Or maybe it's such a tame statement that people don't know how to take it.

The spring is coiling here...:p
More...

Two ways to look at the statement today, short and long term.

http://www.bloomberg.com/news/2012-...-will-pick-up-gradually-policy-unchanged.html

Short term, the market had been looking for another quarter point cut, but knowing it wouldn't get it.

Long term, the Fed says economic conditions are improving, and will only get better over the long haul. Whether this is true or not, only time will tell.

The Bottom Line: Today's Fed statement was a non-event, and the market is left to decide how to respond. :eek:
 
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