Fed Announcement is non-event now?

Quote from Bolimomo:

I wonder if I am alone in this feeling.

I used to be very excited trading the Fed Announcement day. After the announcement is out, it used to cause SPY to jitter up and down at least $1 in just a few minutes. Stocks like AAPL would go up/down $2 to $3 - that it when it was below $200.

Nowadays it seems the announcement hardly matters. Like today: SPY was at 129.80, sent to 130.00 (Wow! 20 cents up!) and then down to 129.55 (Double Wow! 45 cents down!!) and settled at 129.75.

Are we numb to the Fed kept saying "we gonna keep interest rate unchanged"? Today is such a dud.
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It's all about the reaction and the day of the FOMC Announcement isn't the only reaction that will occur. :cool:

Mark
 
Quote from Bolimomo:


Are we numb to the Fed kept saying "we gonna keep interest rate unchanged"? Today is such a dud.
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i dont think there is anyone who though otherwise... if they would've raised rates or lowered it would've moved the market.
 
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