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Fed today
Well, Fed today, and Central Banks around the world are still
easing. China recently, Sweden today. I suppose the narrative now
is that if the Fed confirms negative rates coming or generally puts
off a rate hike to 2025, then great news for stocks because "MOAR",
and if the Fed talks about an imminent rate hike then it's also
good news for stocks because "Fed confirms everything is
awesome".
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OT- Fed and INFN CIEN
Jester,
Yes, the Fed left enough room to not hike in Dec., while stating
that they probably will hike, to send the market kiting. I
think if the Fed does defer a hike in Dec., the market might fly,
convincing the last holdouts that if they can keep defering so far,
they can probably do it forever.
CIEN catching INFN's 15% rise by risining 5% itself. And INFN
Nov. calls are fetching a better premium than CIEN's, the latter
being moderately meh. For some reason, CIEN feels a bit toppy, and
I'd prefer to write calls on those holding, while INFN feels like
it has room to run. Simple a guess, nothing more. Although as
analysts weigh in on ressults, there have to be some ratings and pt
changes, which can't hurt.
Both closed at session highs, but then again so did the DOW.
Follow thru would be great.
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Author:
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Jam
ok
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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10/28/15 at 3:04 PM CDT
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