Tuesday, September 16, 2008

shorted at 1188

stop 1192.5

2 comments by xTrenders :

Shawn said...

I think FED may cut 75 points today, considering they MUST protect the garbage Equity Collateral taken in from now on.

That means FED's balance sheet and performance bonuses is now tied to Stock Market!!

Spiral said...

Yesterday's EFF was 2.7% for 70B repo and FED couldn't defend 2.0%. How could FED can defend 75 point cut? Maybe small 25 can be more desirable than 75.