Will the Fed pause on Tuesday?

[Bitstream]

how can this rally be delusional with mindblowin' earnings, especially on tech?
also it is a fed induced rally, mkt was in cold turkey for bernie to stop and eventually cut. no surprise imho. infact i would be really shocked if the contrary happened.

 

[Mynameistom]

I know I am slowly turning into the Foreign exchange centric guy here, but I got the following add to this thread.

First: http://www.cbot.com/cbot/pub/cont_detail/0,3206,991+23425,00.html
Starting a week before the FOMC decides on interest rates (after what I'm told is a fine continental breakfast I might add) the CBOT will start posting what 30 Day Fed Funds Futures are pricing in for rate hikes. (<i>they'll say 89% for no change etc</i>) and keep updating day after day - completely based on trader's expectations. Any article you read, AP, Reuters, Yahoo Finance or MarketWatch will be quoting from this page.
Good Stuff

Second, in my FX centric view of the world I found the following review of different scenario's fed funds moves the foreign exchagne market.
http://www.fxwords.com/f/fomc-rate-decision-united-states.html
Only really relevant to fx traders, but good stuff for this thread none the less.

 

[JimmyJam]

Quote from BrandNewTrader:

...
Understand what I'm saying. I don't care about being right - I care about making money.
...
Bottom line, you can say what you want about the current rally, but it doesn't change the nature of the fundamentals: ...
Enjoy your suckers rally while it lasts. ...
....
Given my put options are somewhat longer term I shouldn't have allowed myself to be drawn into this game of "i told you so". ...
Riskypoo - you are still saying that "1/8" nonsense? I bet I couldn't get through to you by rapping my knucles on the top of your head.
...
Isn't it harder for daytraders to make money during severe bear markets? Maybe it would be wise to hedge, given the risks? Risks? What risks? All time dow high! Good luck to all of you in 2007.

THIS HAS GOT TO HURT