I shorted that spike to EZ. ;-)
The thing is with the Fed delaying it just means its hanging over the market for longer.
They should have moved today & got it out of the way.
Printable View
Maybe, but the DOW spiked & then gave back all the gains to close down negative.
Now its out of the way for at least a month or so I think we resume the downtrend in equities, well US equities anyway.
China seems to be supportive of the their market.
I trade the China50 index BP via a CFD through CMC Global markets.
Very small positions as the spreads are wide & volatility huge.
From one of the commentaries I receive.
"September is the only month in which US share prices have more often fallen than risen."
Shares went down, then they all went back up again (rally)... Now they seem to be creeping up slowly as if nothing's happened... Have traders heard so much about the economy that they've just had enough and are just getting on with it, despite the news in the paper?
As stated ,Im not surprised at the Feds decision(It sure didnt cause a giant leap in the stock market yet,though) (does this feel like good times for equities?--,now on to China
Bear with me as I just cant bear this--its bear y confusing ...Bear ask the experts although they are bear ly right half the time