Stocks up big even though the fed dissapoints?

[blazespinnaker]

Weird.

Smells like the plunge protection team at play. Either that or Goldman leads the market, now..

Gold is down pretty hard.

[mercerbear]

Re: Stocks up big even though the fed dissapoints?

Indeed. I find it interesting that gold would fall today. Maybe the gold futures market priced in the full 1 bp cut and sold off a bit when the fed only cut .75? Either that, or people are just looking for an excuse to take profits on $1000/oz gold. Either way, I bought 20 more kruggerands when gold was around $1010/oz a couple days ago and I don't have buyer's remorse. :cool:

[jtabeb]

Re: Stocks up big even though the fed dissapoints?

Indeed. I find it interesting that gold would fall today. Maybe the gold futures market priced in the full 1 bp cut and sold off a bit when the fed only cut .75? Either that, or people are just looking for an excuse to take profits on $1000/oz gold. Either way, I bought 20 more kruggerands when gold was around $1010/oz a couple days ago and I don't have buyer's remorse. :cool:

I have a question. The fed adds all these new fangled liquidity measures, and bails out JPM to buy BS. This is maybe too sinister for some, but is it possible that all these "Liquidity Injections" are some how, some way being put into play against the key commodities (gold, oil) via the futures/options/derivative markets? You know a good old quid-pro-quo, we'll bail your ass out but only if you short gold and oil?

Come on guys learn me something here.

[touchring]

Re: Stocks up big even though the fed dissapoints?

Indeed. I find it interesting that gold would fall today. Maybe the gold futures market priced in the full 1 bp cut and sold off a bit when the fed only cut .75? Either that, or people are just looking for an excuse to take profits on $1000/oz gold. Either way, I bought 20 more kruggerands when gold was around $1010/oz a couple days ago and I don't have buyer's remorse. :cool:

I think its profit taking as $1000 is a psychological barrier. Oil took a long time to break $100.

[blazespinnaker]

Re: Stocks up big even though the fed dissapoints?

I think its profit taking as $1000 is a psychological barrier. Oil took a long time to break $100.

No, I think it was the fed dissapointing. They are showing that they're not as dovish on inflation as the market expected.

It's only natural that gold would decline.

However - it's weird that stocks didn't decline. Stocks benefit from loose money as well.

I guess the Goldman news was so bullish it counter acted that.

Still.. That was already priced in, while the cut wasn't.

Very weird!