Market Reaction To Fed Cut 4/30

[DataCruncher]

Quote from maxpi:

I think that if they cut a quarter point there will be a 400 point runup over the next few days, just based on irrational exhuberance that they contained the subprime mess a little more, if they don't, not much will happen... and I won't be acting on what I think btw, forget what I think, I trade the screen, whatever the market is thinking, that is what I want to be thinking.....

do you think we will get some follow-through by the end of today? price on the SPY is about where it was before the Fed announcement

 

[bh_prop]

You nailed it, good call

Quote from Wrongside:

I expect the market to do one of 3 things.
1. Go Up
2. Go Down
3. Combination of 1 and 2

 

[Thunderdog]

It's like this: Greenspan had taken the fed funds rate to 1% in 2003, and Bernanke sees this as a personal challenge.

 

[HedgefundTrader2]

Quote from Aaron Copland:

2.0% gain on all indexes, I reckon. Market cried like a little baby and got what it wanted from the cock sucker fed.

Big draw down then last hour surge because it's over from here. No need to take the market down to get what they want anymore.

Cock sucker Feds?

They own you by the balls and your grandfather's balls too. They own all you money and all your banks and all the Gold at Fort Knox. They make the rules you just live by them or go to Tibet or Bhutan and learn to mingle with villagers and bake cow dung patties.

 

[HedgefundTrader2]

Quote from Thunderdog:

It's like this: Greenspan had taken the fed funds rate to 1% in 2003, and Bernanke sees this as a personal challenge.

GREENSPAN lied about the recession. Today's GDP numbers prove him as a two faced lying conniving greedy bastard.