Yesterday during our After-Hours Review our desk discussed attacking the markets after the debt ceiling is raised. Our preparation started yesterday.
Notice that we run through different strategies:
1) Buy buy buy instantly
2) Wait for the market to settle and start a trend
3) Short the news
4) Fade a quick up move
As a trading partner it is my job to run through different scenarios and not mandate that our traders do an xyz or 123 trade after an announcement. If for some reason the debt ceiling is not raised, we assume you will know what to do then.
Related blog posts:
What is Your Big Picture?
The Box vs The Big Picture
You can be better tomorrow than you are today!
Mike Bellafiore
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