I should have known. Bernanke on the cover of Time meant that we'd probably selloff all day after the FOMC announcement. The peak of central banking. It was too easy, and I didn't even bother to think about it till now.P.S. - We have the Citi pricing tonight. It is hard to imagine that we'll have another gap up tomorrow. The market is stalling out here.
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2 comments:
Don't tell me you got out of your shorts.
It seemed that you were intent on playing the range.
So you think we gap down tomorrow ?
PS
The pic at the Banana Ben post was brilliant. I really needed that laugh. Thanks !
I covered right after the announcement, didn't feel the conviction due to the lackluster action. Odds are that we will gap down tomorrow, weakening during European hours. I may initiate a short at the European open.
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