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Stocks, bonds, gold pop on dovish FOMC minutes

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Comments (13)
  • mobyss
    , contributor
    Comments (2188) | Send Message
     
    So the minutes revealed that the Fed talked about dropping the 6.5% unemployment threshold, which is what they did at the last meeting.

     

    The market apparently thought (about 45 minutes ago), that the Fed just dropped the threshold without talking about it first?

     

    What is the new information here?

     

    Oh well, good place to jump back into SPXS and see what happens.
    9 Apr 2014, 02:35 PM Reply Like
  • Chris Bersaw
    , contributor
    Comments (611) | Send Message
     
    This is new info to the algo's doing the trading apparently.
    9 Apr 2014, 03:47 PM Reply Like
  • mobyss
    , contributor
    Comments (2188) | Send Message
     
    Those algos are just destroying the shorts today. We'll see what they back it up with tomorrow.

     

    Picking up SPXS today.
    9 Apr 2014, 03:58 PM Reply Like
  • Chris Bersaw
    , contributor
    Comments (611) | Send Message
     
    Yes definite short covering, no one wants to be short in a fed driven market that's for sure.
    9 Apr 2014, 04:05 PM Reply Like
  • mobyss
    , contributor
    Comments (2188) | Send Message
     
    So I was thinking - how do we know that these are the actual minutes from the meeting a few weeks ago (or than any minutes ever are)?

     

    Are the minutes put into a vault right after the meeting adjourns until they are revealed? Seems like they could be written this morning depending on what the market is doing. Today appears to be a day when the minutes had to be "extra comforting" based on the recent slide.
    9 Apr 2014, 02:41 PM Reply Like
  • everettvt
    , contributor
    Comment (1) | Send Message
     
    Instead of trying people for fraud in high frequency trading, maybe we should try the government for manipulation of the market?
    9 Apr 2014, 02:54 PM Reply Like
  • mobyss
    , contributor
    Comments (2188) | Send Message
     
    The Federal Reserve is not part of the government. They are a privately-owned bank that is WAY above the law.
    9 Apr 2014, 03:57 PM Reply Like
  • notta lackey
    , contributor
    Comments (131) | Send Message
     
    or for not arresting the Wall Street slime who caused the crisis through manipulation and naked shorting.
    10 Apr 2014, 09:54 AM Reply Like
  • june1234
    , contributor
    Comments (3201) | Send Message
     
    Its a replay scare, reassure, scare, reassure on and on, rinse repeat
    9 Apr 2014, 02:58 PM Reply Like
  • dsorchestra90
    , contributor
    Comments (240) | Send Message
     
    the dovish guidance: several participants noted that the increase in the median projection overstated the shift in the projections. This is in reaction to the market's concern over the 'dots'
    9 Apr 2014, 03:04 PM Reply Like
  • permanent
    , contributor
    Comments (212) | Send Message
     
    Well what are they trying to achieve? The 10 year note is up after a quick dip, oil is going up and taking more Money out of consumers pockets, there is the wealth effect at least that is the big bet.
    9 Apr 2014, 03:46 PM Reply Like
  • Taibucko
    , contributor
    Comments (111) | Send Message
     
    The more I look at it, the less sense it makes.
    10 Apr 2014, 09:57 AM Reply Like
  • Chris Bersaw
    , contributor
    Comments (611) | Send Message
     
    I'm thinking this situation is a ploy to drive interest rates lower, June notes just breached resistance at 124-095 although the move lacks conviction.
    10 Apr 2014, 10:54 AM Reply Like
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