OH, by the way the Fed dropped rates 1/2%

[BYU71]

Just in case you missed it.

[Indy Coug]

Is this really a wise move by the Fed?

[BYU71]

Originally Posted by Indy Coug

Is this really a wise move by the Fed?

I don't know what they know or what they are trying to accomplish. We have this initial run up in the market, but I am wondering why interest rates are rising on the 10 year treasury.

Personally, I wish they wouldn't have cut so much. If we have a couple of hic cups in the next few weeks, IMHO we will slide right back down a few hundred points and people will claim the fed doesn't have any ammo left.

Again I am not saying anyone else should do this, but I am going to stay 50% in cash until we get into October.

[FMCoug]

Originally Posted by BYU71

Personally, I wish they wouldn't have cut so much. If we have a couple of hic cups in the next few weeks, IMHO we will slide right back down a few hundred points and people will claim the fed doesn't have any ammo left.

You could be right. But I just made a killing on EUR/USD.

Is that unpatriotic of me?

[jay santos]

Originally Posted by BYU71

I don't know what they know or what they are trying to accomplish. We have this initial run up in the market, but I am wondering why interest rates are rising on the 10 year treasury.

Personally, I wish they wouldn't have cut so much. If we have a couple of hic cups in the next few weeks, IMHO we will slide right back down a few hundred points and people will claim the fed doesn't have any ammo left.

Again I am not saying anyone else should do this, but I am going to stay 50% in cash until we get into October.

And he says he's not a market timer...

[jay santos]

Originally Posted by FMCoug

You could be right. But I just made a killing on EUR/USD.

Is that unpatriotic of me?

No, just lucky.

[FMCoug]

Originally Posted by jay santos

And he says he's not a market timer...

True. At leat I admit what I am. A money-grubbing short-term trader.

[BYU71]

Originally Posted by jay santos

And he says he's not a market timer...

A market timer as I define one would be either all in or all out. They would also be moving money around a lot more often than every few months. I backed off in April. I am not bragging.

Look at the ups and downs during the summer. A market timer calling things correctly could have made a fortune. However, there are no such things. Market timers (traders) that call things correctly, consistently.

[FMCoug]

Originally Posted by jay santos

No, just lucky.

Pretty easy to make money on currency on big news like that. Just place a buy just above market and a sell just below market and if there is a big move ... cha ching. With a move like this one ... it was a no-brainer.

[jay santos]

Originally Posted by FMCoug

Pretty easy to make money on currency on big news like that. Just place a buy just above market and a sell just below market and if there is a big move ... cha ching. With a move like this one ... it was a no-brainer.

Wrong. But I'm glad it's working for you.