Wednesday, June 22, 2011

Nothing There, Move On

Just like the Greek confidence vote, this Bernanke press conference is pretty much anticlimactic.   I expect some of the short dollar bets to unwind soon, if not right now.

2 comments:

Anonymous said...

oracle earnings atb Thursday. Thinking of buying for a trade. Should have good earnings and Ellison usually ups guidance. Could be good for 3%

Anonymous said...

So Ben's PUT has a strike of 1220? and QE3 will be directed right at distressed housing seller. Fed's next step is to buy real estate outright, BoJ already buys REITs so why not have the Fed set up a fund that buys real estate from distressed sellers... at least they have a hedge in property when ultimately the inflation genie escapes and bonds blow up.