The Fed lowered its fed funds rate by half of a percentage point to 1.5%. The central bank’s statement said the move was necessary because of the worsening crisis in global financial markets. Link : Rate Cut We are back to 2002 levels of Fed Fund Rate.This is going to be a prolonged period of recovery till 2009 /2010/2011/god knows!!

I shudder to think that it is a vice-presidential candidate speaking!. God save america!

If you have a portfolio of 1000 stocks, there are 5 key decisions that one needs to take: Buy to Open Sell to Open Buy to Close Sell to Close Do Nothing In a quant based strategy like the one I have been working for the past few months , the signals help me get on to the position. However, there is a catch. As you get on to the position based on external asset price movements, you have to look at something relating to the portfolio, which is RISK.

House approves the $700 billion package!! Link : Approved

Link : House again Will the bail out package be approved this time ? I bet that it would be passed this time in the House..Why ? May be trying to be a bit optimistic i guess..It will be fun to track VIX in this week.Today there was a record volume of puts traded . Whats in store for this week ? well, it is drama time NOW!! :) They say this is the worst year for anybody to graduate out of a program…I say, it is fun to be in such uncertain periods and watch closely the markets.