The action will be quite dead ahead of the FOMC meeting announcement at 2:15 ET. We've got strong European action, and that's given us this gap up. Most traders expect Banana Ben to continue his deflation scare and weak economy spiel and keep rates low forever. So I expect a sell the news reaction after things are announced. Plus the secondaries headed our way are a headwind that shouldn't be underestimated.
Wednesday, December 16, 2009
Awaiting Banana Ben
The action will be quite dead ahead of the FOMC meeting announcement at 2:15 ET. We've got strong European action, and that's given us this gap up. Most traders expect Banana Ben to continue his deflation scare and weak economy spiel and keep rates low forever. So I expect a sell the news reaction after things are announced. Plus the secondaries headed our way are a headwind that shouldn't be underestimated.
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1 comment:
Long CT @ 1.18
-OL DAWG
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