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Ophir Chador wonders if the sharp rebound in stocks following an initial drop after today's FOMC...

Ophir Chador wonders if the sharp rebound in stocks following an initial drop after today's FOMC statement might be the sound of market participants applauding an honest Fed: "Today's FOMC statement was about as straightforward as one can expect from the Fed, where real concerns were actually acknowledged without all the fluff we normally encounter."
Comments (10)
  • dinamo7
    , contributor
    Comments (186) | Send Message
     
    saturday night live, right???
    23 Jun 2010, 03:39 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    ok, so the Fed finally says, things aren't great so people buy? come on give me a break. The market rebound is simple HFT pump using Fed funds.
    23 Jun 2010, 03:46 PM Reply Like
  • rooftop
    , contributor
    Comments (140) | Send Message
     
    This is easily the most ridiculous theory I have ever read on this or any other site. It's like saying you would take up smoking because you're relieved you finally found out once and for all that cancer kills.
    23 Jun 2010, 03:52 PM Reply Like
  • dinamo7
    , contributor
    Comments (186) | Send Message
     
    the ole honesty spike LOL
    23 Jun 2010, 03:54 PM Reply Like
  • Ophir Chador
    , contributor
    Comments (29) | Send Message
     
    Haha. If you read my article you will know that I was being as facetious as possible. Come on people, where's the humor in you.

     

    I guess that's the problem with quoting out of context...
    23 Jun 2010, 03:55 PM Reply Like
  • dinamo7
    , contributor
    Comments (186) | Send Message
     
    ophir - i read and reread your item and, sorry, dont see any facetiousness in it.
    23 Jun 2010, 04:22 PM Reply Like
  • Jeff Nielson
    , contributor
    Comments (2464) | Send Message
     
    The talking-heads really do get more absurd by the day.

     

    The PPT rescues U.S. markets (for the millionth time), after the TERRIBLE housing number demonstrated (once again) that there IS no "U.S. economic recovery"...and then we get some idiot say that this wasn't market-manipulation but a "reaction to Fed honesty".

     

    Lol - any time who hear the words "Fed" and "honest" used in the same sentence, you know you are listening to a liar or an idiot.

     

    "The Fed's “April Fool's” Joke"
    www.bullionbullscanada...

     

    "Those Amazing U.S. Markets, Part I: the Fed"
    www.bullionbullscanada...
    23 Jun 2010, 03:56 PM Reply Like
  • Ophir Chador
    , contributor
    Comments (29) | Send Message
     
    Hmmm... twice in one comment calling me an idiot and yet you could not take the time to click on the article to see that the honesty remark was meant in jest.

     

    The market response to the Fed statement was, in fact, ridiculous as was the response to the housing numbers. Being short homebuilders (and having announced that position in many of my previous articles), I was certainly baffled by the market response to clear evidence of further housing troubles going forward.

     

    Jeff, you're a contributor at Seeking Alpha. You should know better than to call people "idiots" without so much as looking for context. It's a three paragraph article. Try reading it then commenting...
    23 Jun 2010, 04:19 PM Reply Like
  • Jeff Nielson
    , contributor
    Comments (2464) | Send Message
     
    Hi Ophir.

     

    Sorry, my "sarcasm meter" temporarily shorted-out when I saw those words "Fed" and "honesty".
    23 Jun 2010, 04:27 PM Reply Like
  • Ophir Chador
    , contributor
    Comments (29) | Send Message
     
    Well that's actually understandable...
    23 Jun 2010, 04:28 PM Reply Like
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