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Anyone care to venture WHY the Fed cut rates in a naturally rising market ?
Here are the options:
1) they're stupid / they don't understand markets
2) "head-in-the-sand" mentality
3) it was a political move to bolster Bush's flagging popularity and to
offset his weak tax reduction plan
4) Greenspan was taking a vacation to the Bahamas and wanted to "get it out
of the way" before he left
5) crush the shorts/bears and "Teach em a lesson"
6) demonstrate their "committment" to the new economy
7) set-up the market for yet another big crater in the 3rd quarter
> -----Original Message-----
> From: Bilo Selhi [mailto:biloselhi@xxxxxxxxxxx]
> Sent: Wednesday, April 18, 2001 2:27 PM
> To: Monte C. Smith; Omega List
> Subject: Re: EL Rate Cut System
>
>
> today the system did not have to predict it. it cot it
> because the fed lowered into rising market.
> my system net 80% long on my 80 stocks this morning
> combined point pullout on the first trade was over 100 points.
> about 30% were short from yesterday and those trades got killed
> but recovered on the morning trade.
> sp naz dow nq system was long straight from the open...
> ndx and nq was short overnight resulting in two lossed but
> reclaime all back and some today.
> here is the gif of the p$l of the current trade as of 2:15.
> about 75% are winners and 25% are losers as usual
> but the losers are less then half the winners...
> combined position is about 60% long some 20% are shorts
> the rest are flats.
> at 2:15 the point pullout is about 50 + points.
> the system cot the fed cut this time and actually last time
> too.
> the system is still long sp and in second profitable long trade
> in naz.
> if you do it right it will work...
> bilo.
> ps. i will post the gif to system only list since it's larger then
> allowed size on this list.
>
> ----- Original Message -----
> From: "Monte C. Smith" <mcs@xxxxxxxxxxx>
> To: <omega-list@xxxxxxxxxx>
> Sent: Wednesday, April 18, 2001 1:16 PM
> Subject: EL Rate Cut System
>
>
> >
> > Anyone running a system written in Easy Language that predicted this
> > rate cut? (Maybe we should just rely on cnbc)...
> >
> > Monte
> >
>
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