The Fed is the market now
By Daniel at 17 December, 2008, 9:22 am
I’m not a bull or bear when it comes to trading, just try to play it the way I see it. However I am getting very tired of trying to trade the market based on fundamentals or tech analysis and most of the time the Fed steps in and completely skews the whole situation. The Fed IS the market now, how do you trade what you think those idiots will do next?
The only Fed move I can reliably trade now is interest rate cuts since they finally got to zero. I guess the next game in town is trying to guess how many billions the big 3 will get. All the Fed manipulation has done has destroyed the credibility of the market. I think a lot of people will decide to say to hell with the crooks and market manipulation.
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