Wednesday, August 12, 2009

FOMC day

Alot of anticipation in the market today as we opened higher and quickly changed to a sideways movement waiting for the word from the fed. The fed didn't really tell us much besides unchanged interest rate and positive economic outlook. We had a mini rally at the end of the day but quickly sold off to the mid day level and closed at 1005. Vix gapped down 2.08% today, and the dollar had a interesting rollercoaster movement as well.

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