Wednesday, September 23, 2009

Well that was quick. Dow drops 169 points from its high

AlphaNinja - I wrote earlier this morning regarding the FOMC minutes:

"The FOMC decision on interest rates will be out in less than two hours, upon which the market will freak out for a minute or ten, then settle back."

And here's the market doing just that. I'm not suggesting I'm intelligent - rather that the initial reaction to these releases usually corrects itself before long.

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