BLOODBATH on Wall Street coming today

[MinnesotaFats]

Bad data released

CPI miss
Food up
Medical thru roof
FED going 75 bps or more

 

[Tanko]

I think the 75 basis points was a given no matter what the inflation data said. FED is going to drive hard to cut off inflation ---> we'll see a recession within a year. Might be a weird one though with loss of jobs being different (less) than historically seen.

 

[carolinakid]

down over 900 at noon

 

[carolinakid]

i pick up some puts several week back on the xmi index due to year end selling coming up and damn they are making money today

 

[BigJay]

Bad data released

CPI miss
Food up
Medical thru roof
FED going 75 bps or more