I should have known. Bernanke on the cover of Time meant that we'd probably selloff all day after the FOMC announcement. The peak of central banking. It was too easy, and I didn't even bother to think about it till now.P.S. - We have the Citi pricing tonight. It is hard to imagine that we'll have another gap up tomorrow. The market is stalling out here.
Don't tell me you got out of your shorts.
ReplyDeleteIt seemed that you were intent on playing the range.
So you think we gap down tomorrow ?
PS
The pic at the Banana Ben post was brilliant. I really needed that laugh. Thanks !
I covered right after the announcement, didn't feel the conviction due to the lackluster action. Odds are that we will gap down tomorrow, weakening during European hours. I may initiate a short at the European open.
ReplyDelete