Tomorrow FOMC meeting

Aaron Copland · Jun 24, 2008

The Fed should raise rates tomorrow but we know they wonât because Lehman & Goldman Sachs are still very weak.

So they will puss out and give the market what it wants some jaw boning that the fed will stand pat... yep.

Every central bank in the world is raising rates, but not these pussies.

ProfitTakgFool · Jun 24, 2008

The PPT didn't push the market higher today, it was a technical bounce off a very strong level of support and it sure was fun riding!

Quote from madmaxer:

Folks,

Does today's PPT rally mean that they are going to raise .25 PT tomorrow?
I am having a feeling that todayâs action is just another shock absorber for tomorrow's bad news..

madmaxer · Jun 25, 2008

Quote from ProfitTakgFool:

The PPT didn't push the market higher today, it was a technical bounce off a very strong level of support and it sure was fun riding!

Yesterday morning WAS PPT, particularly after the 16 yrs low Consumer Confidence.

Today, we are having a lot of short covering sofar, ( This could be the indication that rates will not change ) Lets see what happens @ 1:50

PAPA ROACH · Jun 25, 2008

Market goes lower today on announcement, regardless of unchanged or 25 hike. either way it falls off

Aaron Copland · Jun 25, 2008

Quote from Aaron Copland:

The Fed should raise rates tomorrow but we know they wonât because Lehman & Goldman Sachs are still very weak.

So they will puss out and give the market what it wants some jaw boning that the fed will stand pat... yep.

Every central bank in the world is raising rates, but not these pussies.

I stand my my call that the Fed is going to put out a dovish statement.

They don't care about inflation, they care about investment banks.

PAPA ROACH · Jun 25, 2008

Quote from Aaron Copland:

I stand my my call that the Fed is going to put out a dovish statement.

They don't care about inflation, they care about investment banks.

You're on, i'll bet you the standard bet ($1), that the talk is hawkish.

Aaron Copland · Jun 25, 2008

Quote from PAPA ROACH:

You're on, i'll bet you the standard bet ($1), that the talk is hawkish.

Ok Mortimer ! the standard bet.

ByLoSellHi · Jun 25, 2008

No rate decrease or increase, accompanied by very hawkish fed speak, and at least two (maybe three) strong dissents arguing for a 25 basis increase.

Dollar will rise, commodities will fall.

That's my story and I'm sticking to it. Too many ex wise men of the fed reserve are harping on inflation remaining in the danger zone for those comments to be lost on sitting members of the FOMC, and Bernanke would look reckless to not at least acknowledge their (genuine) concerns.

PAPA ROACH · Jun 25, 2008

Quote from ByLoSellHi:

No rate decrease or increase, accompanied by very hawkish fed speak, and at least two (maybe three) strong dissents arguing for a 25 basis increase.

Dollar will rise, commodities will fall.

That's my story and I'm sticking to it. Too many ex wise men of the fed reserve are harping on inflation remaining in the danger zone for those comments to be lost on sitting members of the FOMC, and Bernanke would look reckless to not at least acknowledge their (genuine) concerns.

Agree with part of your statement, however, I see a late day rally in energy and a slight sell off on the dollar.

S2007S · Jun 25, 2008

Quote from PAPA ROACH:

Agree with part of your statement, however, I see a late day rally in energy and a slight sell off on the dollar.

Energy might try to go positive but I see it down into the close.