Fed Raises Discount Rate

[pspr]

Quote from EMRGLOBAL:

Rally my arse. Unemployment numbers still rising....economy is 70% consumer spending and Walmat an't look'n so good.

market is hot air right now. I think it pulled back 7% from its highs.....hardly a correction.....look for 20% or more then flat for the a time....20% pull back would be a gift....but it isn't gona be over night.

maybe some good Volititly for trading....all those 401k holders....get ready to be fucked again....

You're looking in the rear view mirror!

 

[Random.Capital]

Quote from dtrader98:

...increasing rates is a sign the economy is improving.

No, it's not, as the most cursory review of history would demonstrate.

Rates go up in sinking economies, robust economies and flat economies.

 

[shortie]

E-mini S&P 500 (Dollar) Mar 10 1094.25 -11.25

DIE! DIE! DIE!



i am just a tiny bit net short, but i am excited to see the market moving event like that for the expiration day.

but -1% is really nothing

 

[Johno]

Quote from Random.Capital:

No, it's not, as the most cursory review of history would demonstrate.

Rates go up in sinking economies, robust economies and flat economies.

Exactly!

On another note, if I had the task of reducing the economy to a sustainable level then I would be using every tool at my disposal in whatever way, no matter how unconventional, that was appropriate to achieve my macro goal (step by step reduction rather than uncontrolable and fatally destructive rollercoaster ride down) whilst camaflageing my true intentions as effectively as possible. Therefore don't take anything for granted, it's always time to rely on accurate observation, business sense and experience as, "the only rule is there is no reliable rule." This time is no different!

Net short with hedges as required, is my preferred approach at this time!

Regards

Johno

 

[Kassz007]

Such a small increase to the <b>discount</b> rate means very little to the actual economy.