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Is the news already sold?

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November 01, 2010 – Comments (6)

I have seen at least 10 blogs, on caps, on yahoo, seeking alpha, etc saying that the "sell the news" type of event will happen. Not only do fed days end up almost every time (hence, news is not baked in), but I have seen more "sell the news will happen" than "the news is not baked in yet" blogs/posts/comments. Everybody is expecting a sell off, therefore it can't happen. Unless Ben does something reallllllly crazy that would have tanked the market regardless of if it ran up or not

6 Comments – Post Your Own

#1) On November 01, 2010 at 10:20 PM, topsecret10 (< 20) wrote:

On November 2-3, 2010, the Federal Reserve will decide if it will pursue another round of quantitative easing - pumping more money into the economy. Instead of restoring our economic strength long term, this Keynesian move will only plunge us deeper into debt.         
http://www.campaignforliberty.com/    All of the media networks today Including CNBC,Bloomberg, et al had several "PROS" on the record saying that they expect the market to POP after the elections. If the equities markets do pop,they won't for long according to my charts....  TS   :)

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#2) On November 01, 2010 at 11:46 PM, SockMarket (41.96) wrote:

Not only do fed days end up almost every time (hence, news is not baked in).

No, but those buying the news may be half baked :).

 

Good piece. well said. 

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#3) On November 01, 2010 at 11:59 PM, Valyooo (99.37) wrote:

Haha well put sir.

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#4) On November 02, 2010 at 12:02 AM, Valyooo (99.37) wrote:

By the way, November 2-3?  I thought the Fed usually speaks on Thursdays?  Either way, Fed days start off down, and then go up after 2:15 about 80% of the time.  Good risk/reward if you wanna use options.

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#5) On November 02, 2010 at 1:10 AM, SockMarket (41.96) wrote:

very true. I wish they gave you the option in UTMA's :) (thats what I use). you could make a killing doing it though.

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#6) On November 02, 2010 at 1:30 AM, Valyooo (99.37) wrote:

Aren't you over 18? Can't you rollover to a regular discretionary portfolio?  Or are there negative consequences legally/personally?

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