Saturday, April 4, 2026 
Fed Declares Operation Surprise Move
Meanwhile, back at The Factory, the internet continues to be the largest communication platform I’ve ever been involved with. If I didn’t own the darned thing, I wouldn’t be where I am–in hiding.
On another note, some noteworthy happenings impressed me recently while speaking to my assistant, Tonya:
–Last week Goldman Sachs downgraded EPS estimates for the banks by 15%.
–The federal reserve hiked interest rates by 25 bps from .50% to .75% on February 19th in a surprise move. Since then, stocks have marched higher while volatility has slunk lower. There are various rumors making the rounds that the fed will repeat it’s actions from February–hike rates by 25bps in another “surprise move.” Moves are moves, but I definitely appreciate surprise moves and use them often.
S&P Futures / VIX
–Ratings agency Standard & Poor’s changed their ratings on Greece last week from negative to stable. Does anyone care about rating’s agencies anymore? Haven’t they been proven meaningless?
–I will be working the Ironman II premier in various locations, including Los Angeles. My client–Ms. Pinky Megiston–is involved with the show so though I’ll be there, absolutely no one will have any idea who I am. After all, not even I know who I am anymore. Whenever I have lost my mind in the past it has always led to bigger and brighter things. This time shall be no different.
have your thoughts on GOLD changed? Dollar is getting stronger so gold taking a hit
Comment by A — March 24, 2010 @ 7:24 pm
Gold has held well in spite of a very strong dollar. Still bullish.
Comment by Mr. Volatility — March 27, 2010 @ 6:18 am
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