Rates unchanged-> market falls, why?

[mililani]

Also, Buffet came out and said he is not seeing any economic recovery in his 80 odd businesses:

http://www.cnbc.com/id/31526130

I think that tempered enthusiasm. I'm hoping for Boeing to tank into the 30's, then i'm loading up.

 

[mister_doodi]

Quote from mililani:

Buy on rumor, sell on news. I've been noticing the S&P been trending down all day. Wow, Boeing just popped up on my radar. Holy crap, thought I missed the boat on that one. Might get a chance to load up.

BA is getting crushed the last two days. It'll be a good pick up at around $35.

 

[Landis82]

Quote from Option Trader:

I've seen this syndrom happen many times. Please explain.

The FOMC notes did not indicate any further purchases of U.S. Treasuries . . . as a result, rates rose, the DOLLAR surged, and the equity market came under pressure.

Pretty simple stuff.

 

[Don Bright]

Quote from Daal:

Tell that to all the folks with billions in buying power that were glued to their bloomberg terminals with a finger on the trigger a few minutes ago

Myself, and a good number of our traders always play the "FED" - this is one of the most predictable times to trade via enveloping.

Started selling when E's were at 903-904 range, covered down around 900 or so...some use gE, some use SPY. Bought and sold the noise in the 893-898 range. Trading the noise, gotta love it.

However, not anything much for the overall investing community.. have to agree with that.

All the best,

Don

 

[virtualmoney]

Quote from Landis82:

The FOMC notes did not indicate any further purchases of U.S. Treasuries . . . as a result, rates rose, the DOLLAR surged, and the equity market came under pressure.
Pretty simple stuff.

even simpler explanation...2 days of donuts and ice-blended coffee... watching all the great analysts on cnbc and bloomberg on projector tv and letting interns summarize a report/minutes

 

[maxxy]

880 seems like the line in the sand, but my gut tells me we hit new fresh lows by the end of this year.

The fed event was a non-event. It didnt really matter. The downtrend has started and a pierce of 880 will make it fall fast.

Quote from virtualmoney:

even simpler explanation...2 days of donuts and ice-blended coffee... watching all the great analysts on cnbc and bloomberg on projector tv and letting interns summarize a report/minutes