Tomorrow’s FOMC Announcement
Tomorrow (Wednesday) is a critical day. I will be watching how the market reacts to the FOMC announcement at 2:15 EST. The market is slowly breaking down. I am starting to edge into put positions. Volatility is priced very low. It is not a matter of if the market goes lower, it’s a matter of when. The crash of 2009 is on. Are you positioned correctly?
Peace





They better temper their statement w/ some direction in continued use of purchasing power towards TSYs and MBSs. Recent rate increases have ground loan activity to a temporary halt.
Comment by John — June 23, 2009 @ 6:38 pm
what puts are you considering? how can we get in position?
Comment by A — June 23, 2009 @ 6:53 pm
Treasuries must go higher.
Comment by Mr. Volatility — June 24, 2009 @ 12:24 am
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