Where to Park Cash For Now?

NEW -> Contingent Buyer Assistance Program
<p>Just my take; the last hour behaved as if institutions thought the Fed was meeting secretly to consider a rate reduction.</p>
 
<p>>>>Just my take; the last hour behaved as if institutions thought the Fed was meeting secretly to consider a rate reduction.<<<</p>

<p>That rumor was out since yesterday.</p>
 
Straight from Yahoo's article about today:





"Still, while the market has seen big gains over the past few weeks, those gains quickly evaporated the next day. Often, the buying has been done by traders or hedge funds trying to cover losses from what's known as short trading. In short trading, an investor sells borrowed stock on a bet that the market will fall; when the market rises, the investor must buy stock to pay back the debt. While bargain hunting helped lift stocks, it's likely that Thursday's gains were also due to short covering."
 
<p>The back to school sales have been slow. Can't wait to see what the consumer spending going to look like during the Christmas season. </p>

<p> </p>
 
Eva - I am not saying it is true. I was just saying the market was behaving like the big players thought it was true. I wouldn't know if the Fed was meeting. I am the last to find out anything. And If I knew I certainly wouldn't tell anyone. I'd cover my shorts.
 
I'm sorry. You misunderstood my comment. You asked OCC how the rumor could be out since yesterday because you only started it today. I was just saying that not only was it out there, but that it had been debunked before you started it. I wasn't saying that you were right or wrong - just behind the curve.
 
<p>>>>Eva - I am not saying it is true. I was just saying the market was behaving like the big players thought it was true. I wouldn't know if the Fed was meeting. I am the last to find out anything. And If I knew I certainly wouldn't tell anyone. I'd cover my shorts. <<<</p>

<p>awgee - I think with the Vix at 35 today and so high for several weeks, you'll find that there have been numerous 20+ intraday swings in the S&P in less than a few hours time. The latest leg up was ferocious but not that unusual given recent market movements.</p>

<p>Also, if you're looking for an explanation, I think the most sound is that the rubberband was basically stretched to the max. Also, I read that alot of open put options needed to be hedged with index futures (by selling futures) as the market was crashing. When the market turned around, you have that unwind process again. And, <em>finally</em>, you have options expiration tomorrow, and there was <strong>definitely</strong> massive positioning and repositioning because of all the options activitiy the last week.</p>
 
<p>CWC offering 5.5% on a 90-day CD? Short treasury yields in the toilet? </p>

<p>Say, how long does it take for the FDIC to pay off little guys like me, anyway?</p>
 
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