35854 replies to this topic

[Plasma]

No way that Ben will say anything on monetary policy outside the scheduled meetings unless market riots and forces their hand..like in 2007/8. Me thinks he will tell market what he plans to do after stepping down as chair...or may be he tells us OBama convinced him to stay on for another term...to oversee the helicopter drop this time round!

WASHINGTON (MarketWatch) - Federal Reserve Chairman Ben Bernanke refrained from making any comments on monetary policy, the government shutdown or the economy in a brief speech on Wednesday. Bernanke welcomed participants to a community bank research conference sponsored by the St. Louis Fed and the Conference of State Bank Supervisors. He restricted his remarks to the challenges facing small banks and the central bank's efforts to build better ties to the institutions.

Good call Zero!!

So what now?

Doe doe time Non event .....feel a bit piggish ....

[Zero Hedge]

To be honest did know he was scheduled to speak tonight...will be very surprised if there is actually a news conference from him tonight.

[Trainee Trader]

What time does he speak?

 

Good question! And is it on Channel 411 (Bloomberg)?

[gamma]

Trainee if the US defaults it will make the last 2 stock market crashes look like a stumble..Personally if the US defaults I will be packing up my fam and moving to Mars

 

Scratch that..I don't know if NASA is still open

 

Don't think the Repubs have the balls to go there. Too much political risk. Problem is it will be a game of brinkmanship until the 11th hour.

So expect volatility ++ over the next few weeks. 

 

I'm buying puts big time!

[Ninja]

What time does he speak?

[Trainee Trader]

Trainee if the US defaults it will make the last 2 stock market crashes look like a stumble..Personally if the US defaults I will be packing up my fam and moving to Mars

 

Scratch that..I don't know if NASA is still open

 

They closed for now... not enough funding. Lol

[Zero Hedge]

No way that Ben will say anything on monetary policy outside the scheduled meetings unless market riots and forces their hand..like in 2007/8. Me thinks he will tell market what he plans to do after stepping down as chair...or may be he tells us OBama convinced him to stay on for another term...to oversee the helicopter drop this time round!

[Trainee Trader]

Me thinks he will just rehash his last speech at the September meeting..Keep monetary policy accomodating for the foreseeable future and as long as it will be needed..Unemployment rate target not met..Inflation still weak..Concern over Washington and fiscal policies..Growth steady but not sufficient to taper..BLAH BLAH BLAH and then the SP500 will rally and finish the day flat to positive we will rally to 39600 by 22:00 and tomorrow the J200 will gap up again. All this on news that is already played?

 

I really hope I'm wrong though

 

IG currently @ +-39,450 level. If markets rally after Ben's speech, I see us going over 39,600 level. After the rally, traders will start selling the facts and our market should normalise again.

 

It's a wonder why the market is concerned about the debt ceiling... US will never default!

[K~~]

Me thinks he will just rehash his last speech at the September meeting..Keep monetary policy accomodating for the foreseeable future and as long as it will be needed..Unemployment rate target not met..Inflation still weak..Concern over Washington and fiscal policies..Growth steady but not sufficient to taper..BLAH BLAH BLAH and then the SP500 will rally and finish the day flat to positive we will rally to 39600 by 22:00 and tomorrow the J200 will gap up again. All this on news that is already played?
 
I really hope I'm wrong though

This range 39580 - 180 is quite profitable. Worries over the debt ceiling will keep upside guarded. Will continue to trade the range, with bias to the downside...

[Beorn]

I also think tomorrow will be a good bull day. A good chance for me to place a big short. I will first go long in the morning though.

[Ninja]

A bankrupt US, $17 trillion debt, zero interest rates, QE infinity, let's hope they kick the can again.. Before markets panic... Don't forget Japans debt is at ¥1 quadrillion!!

[Trainee Trader]

Me thinks he will be toppling the apple cart.. He will say there is only so much monetary policy can do and politicians need to catch a wake up... Markets may just drop like a stone!!

 

Don't jinx it! Ben always seems to bring positive news... hope his trend continues.

[Ninja]

Me thinks he will be toppling the apple cart.. He will say there is only so much monetary policy can do and politicians need to catch a wake up... Markets may just drop like a stone!!

[Trainee Trader]

I wonder if we going to see another 600 point jump overnight... assuming QE4 is confirmed. On the flip side, no QE4... we could see the bears having a blast.

 

Predictions anyone?

 

My money is on long, i.e. QE4.

[Trainee Trader]

What is Bernanke's press conf going to be about tonight?

 

QE 4

 

http://www.policymic...es-and-analysis

Edited by Trainee Trader, 02 October 2013 - 05:12 PM.

[Beorn]

What is Bernanke's press conf going to be about tonight?

[Sam]

Except that everyone has already factored in QE at the backend of this year or end of January. This numbers are bad..I don't think the markets are gonna like it at all

Appears you're correct. The US is dropping, the ALSI being propped up by gold.

[Sunesis]

Strenght weighting of the Dow Jones https://pbs.twimg.co...A17VN.png:large

[Sunesis]

Except that everyone has already factored in QE at the backend of this year or end of January. This numbers are bad..I don't think the markets are gonna like it at all

Have you heard of Dead Cat Bounce

[Sunesis]

And out for 100 points green. Turns out S was right - money to be made both ways...

That was a nice one

 

I'm glad you are not a pig.