09/21/2011 Intraday Watering

AK84 · Post by **AK84** » Wed Sep 21, 2011 1:48 pm

how are people positioned ahead of bernanke?

bushwaffle · Post by **bushwaffle** » Wed Sep 21, 2011 1:50 pm

AK84 wrote:how are people positioned ahead of bernanke?

cash

Post by **Cobra** » Wed Sep 21, 2011 1:50 pm

nothing to say, wait for the final judgement, both bulls and bears. Purely from the chart pattern, it should continue down though. Let's wait for the show time.

quientuves · Post by **quientuves** » Wed Sep 21, 2011 1:50 pm

cash and wait to follow.

99er · Post by **99er** » Wed Sep 21, 2011 1:50 pm

(Reuters) - Moody's Corp on Wednesday cut the debt ratings of Bank of America Corp, Wells Fargo & Co and Citigroup Inc, three of the largest U.S. banks, on worries the government would be less likely to support a large lender if it got into trouble.

http://www.reuters.com/article/2011/09/ ... P020110921

jaaawf · Post by **jaaawf** » Wed Sep 21, 2011 1:51 pm

bushwaffle wrote:
AK84 wrote:how are people positioned ahead of bernanke?
cash

Same here...cash is king.

737controller · Post by **737controller** » Wed Sep 21, 2011 1:51 pm

Totally short in sds and dxd

jarbo456 · Post by **jarbo456** » Wed Sep 21, 2011 1:52 pm

SPY puts to hedge my long term long equity positions. but most of the speculative stuff is off. i will probably fade a pop up or down though...as the initial move rarely defines the longer term trend.

Petsamo · Post by **Petsamo** » Wed Sep 21, 2011 1:53 pm

AK84 wrote:how are people positioned ahead of bernanke?

Last time, we dumped, then we rallied big. Market Owl thinks we rally, gap up tomorrow, then he shorts.

uempel · Post by **uempel** » Wed Sep 21, 2011 1:54 pm

jaaawf wrote:
bushwaffle wrote:
AK84 wrote:how are people positioned ahead of bernanke?
cash

Same here...cash is king.

Same here.

jaijailyc · Post by **jaijailyc** » Wed Sep 21, 2011 1:54 pm

1/2 short, like I said last night. Waiting for the announcement....

jarbo456 · Post by **jarbo456** » Wed Sep 21, 2011 1:55 pm

buddy of mine at GS who works on their bond desk and came from Moody's got his hands on the report and sent me his interpretation...

"Weird report. “downgrades do not reflect a weakening of the intrinsic credit quality of BAC. Has made significant progress in improving in its capital and liquidity positions, in shedding legacy and noncore assets, in measuring and monitoring risk, and in managing its risk appetite. These improvements have not, however, resulted in an upgrade of its stand alone financial strength rating “……”in large part to the risks that continue to be presented by the bank’s exposure in its mortgage business”…..

I’m VERY confused."

hahaha...weird to do it before the fed...weird to downgrade, but basically say they are in the same if not better credit worthyness position...all strange.

waverider · Post by **waverider** » Wed Sep 21, 2011 1:55 pm

Al_Dente wrote:
waverider wrote:
Al_Dente wrote:
SigmaEcho wrote:
Cobra wrote:well, something is happening...
BofA downgrade by Moodys
Thanks for that.
We were all waiting for Tyler’s now-too-highly anticipated BAC squeeze before drop. Natch, drops first instead.
Any other news link? Is it countrywide bk or what
Sure, http://www.businessinsider.com/bank-of- ... dys-2011-9

Your thoughtfulness in providing that link will be reciprocated

Haha, appreciate it.

ramram · Post by **ramram** » Wed Sep 21, 2011 1:55 pm

cash and lots of bearish call spreads

silicon_beaver · Post by **silicon_beaver** » Wed Sep 21, 2011 1:56 pm

FAS with the covered calls.

Rezito · Post by **Rezito** » Wed Sep 21, 2011 1:58 pm

60% cash, 20% short S&P and Naz, 20% long silver and gold miner

tapesense · Post by **tapesense** » Wed Sep 21, 2011 1:59 pm

Hey heavenskrow, left a message for you end of yesterday with real time futures for bonds, click futures - majors - more. Also has int'l markets for any of us that don't have them. http://www.forexpros.com/charts/real-ti ... res-charts

SPY 129s target still valid long term, 117s short term target has me flat for now

PLUNGE · Post by **PLUNGE** » Wed Sep 21, 2011 1:59 pm

AK84 wrote:how are people positioned ahead of bernanke?

I'm in ultra long Nasdaq 100 and ultra short Russell. Both are in the green here, but that will change as we hear from the Bernank.

rocstocktrader · Post by **rocstocktrader** » Wed Sep 21, 2011 2:00 pm

Nasdaq right at resistance and above 50 day moving average with FED statement decision looming. rocmarketdashboard.webs.com

stucap · Post by **stucap** » Wed Sep 21, 2011 2:00 pm

bushwaffle wrote:
AK84 wrote:how are people positioned ahead of bernanke?
cash

cash!

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09/21/2011 Intraday Watering

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