Forget the Bernanke Put... What about the "FED Meeting Trade"...?
It would work like this:
Knowing that the market always rallies wildly on issuance of the FED statement...
Why not Buy the DIA at about 1:30 or even 2 o'clock...and then sell the INEVITABLE RALLY that happens right after the statement comes out...
In a post below I've discussed this odd Fed Meeting Rally... And it's so common that everyone must see it by now...
Indeed, a lot of people saw the best example of it yet yesterday...! A flat line market jumped insanely high right after the statement was released... And it's not as if the FED actually changed anything... They didn't. If anything the statement was expressing concern about Inflation... But it's never about the text...it's always the context that the Street spin machine puts on things... And the Street knows that Bernanke would never do anything to harm the speculative markets.
Because quite frankly, asset inflation and financial speculation is all the Americans have going for them now! The American "real economy" is simply a fiction...there is only a bunch of people working for subsistance wages...who can't even go bankrupt on their debts now...and who have no health insurance or pension...
But who still dearly love Jesus...the Devine Patron of the Republican Rich...perhaps even the Zionist ones...who knows...God acts in mysterious ways! Especially the Republican Gods in Washington.
