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FOMC December 11, 2007 Meeting

Started by Jorge · 10 months ago

The FOMC decided on Tuesday to cut both the Federal Funds Rate and the Discount Rate by a quarter point. The key in the decision was not the rate cuts but the statement still holding inflation as a key element to their decision. As a result, you saw the bottom from the markets [...] ... Continue reading »

4 comments

  • Ryan the Samoan

    1 year ago

    So I finally got onto an internet that can read your website - the widgets and stuff makes it very hard sometimes, same reason I haven't updated my blog. Hope all is going well for you.
    reply
  • vivek Tomer

    1 year ago

    Hey,

    Watch for the 1464 support. No point buying puts before than. If break I think I am going to exit longs and short.

    Anyhow food for thought?

    later
    reply
  • Jorge

    1 year ago

    Hey there. How's the adventure going? Shoot me an email off my About Us page ;-)
    reply
  • Jorge

    1 year ago

    Normally I'd agree, but I took a shot before the announcement and bought a couple of SPY puts. It could have gone 50/50 either way to be honest but the FOMC's been so conservative since the initial 50 bp cut. I'd agree though. 1460's the next stop before we continue downward. It wouldn't surprise me to see that later this week if not today. The markets did not like the announcement at all.
    reply
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