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re: "Alan Greenspan Blasts Trump's Tariffs as "Insane"" Bloomberg
Posted on 11/15/18 at 11:09 am to GumboPot
Posted on 11/15/18 at 11:09 am to GumboPot
quote:
TBH, I don't know what makes a good or bad Fed Chairman.
Just look in to the Greenspan put. Anyone that thinks they can manipulate the market and not have to pay for it is a fricking moron. He's the definition of it.
1
Posted on 11/15/18 at 11:15 am to TeLeFaWx
quote:
Just look in to the Greenspan put.
I remember that. I made a little money trading the opposite way...long. I would buy into the FOMC meeting, hold for the rate cut (which happened almost every time during that period) and then sell into the market rise. I guess many traders were doing the opposite, buying puts into the market rise and waiting for the following day collapse to sell.
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