Central Bank madness...

[DEP]

Bernanke is scheduled to speak at 10 a.m. US ET. 4 Pm our time so we will still get a glimpse of Crazy Ben... How do you position yourself?

[#2]

right now neutral unless you love a bumpy ride....personally i am long from 30961.....i see the obvious market expectation will be that he will disappoint so lots of sucker shorts out there (we saw some of them display their suckeness here already earlier).....so initial reaction will be a short squeeze cause what was expected to be a disppointment will not materialise....of course longer term it will but not before the shorts get punished for anticipating something before it happens

[DEP]

Well, I'm covering 65% of my long positions (Resources) with shorts TOPI contracts.

[#4]

done that long ago

[DEP]

no answers ... is everyone in cash then? Oh what do you do in a case like today with Ben's speech - it might be Game Changer.

[SimonPB]

oh I ignoring it .. I have a spring party starting at 4 so will be drinkin ..

[DEP]

hahaha... good strategy.

[Russ]

I would like the alsi to get down to support at 35000 because I think the next upleg can then start in earnest.

[SimonPB]

ya when in doubt, drink .. when not in doubt, drink more coz you missing something ..

[cheapcheap]

if the markets have remained largely range boung for the week,surely we are going to have a move and maybe a big move either way? rc i don't think the bad news has been factored in,most market commentators still think he will announce qe3,i don't think he will,my little 2cents,simon i'm already drinking,you'll have to catch up.

[SimonPB]

there arevery few market commentators expecting qe3 .. certainly none that I speak to, in facty I think the expectation is for disappointment .. the hope is for qe3