They Did It .75 Cut..........

Quote from trading@home:

some of the moaning about this emergency cut appeared childish to me, and hence sounded like some people were caught on the wrong side of the trade.

if that's not the case, then bad read on my part!
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If you look closer, you will realise that both sides of the markets are being affected those who re long and those who are short. The shorts who are in the money got hit by the interest rate, those that panicked pulled out and some may have reversed, some may have added, either way the fed cut has increased uncertainty and volatility. So everyone will be moaning even if they are on the right side.

Regarding the rate cut........my question is, would'nt this drastic cut indicate to the market that things are really really bad and ignore the rate hike, and run for the exit. The fed assumed this will instill faith in them to calm the markets down but it may have just caused the reverse because they come across as being very desperate now. They have lossed the markets confidence. Thats is really bad for a central bank. I wonder how long Ben will be in the job for since he is displaying no sense of conviction.
In is academic writings he seemed to have all the answers for when a market is in panic mode but now that he has to practice his preachings, he doesn't seem to have the stomach for it. I guess he may be the classic academic.
 
Futures point straight down on my monitor.

Hopefully, all the ET supa traders will not be so hasty to get long off the open.

We could see a nice 400 point decline today before any chance of a reversal.

FED signaled hell marry, which means, they are out of bullets. Smart money is running to Bonds and even cash.

Capitulation today, IMHO, by all those wana be leveraged traders, by the Mom and Pop funds and even by some well known Institutional Funds.

There should be some interesting news as the trading day progresses.
 
Just cut it to zero and get over with it. The cut will do nothing. Yes, it will lift the market temporary, so the big boys can sell at a better price.
 
Quote from Ivanovich:

If they start printing the notes from cotton, I might be inclined!
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Watch cotton futures. If Paulson goes long cotton, you might just get your wish. :D
 
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