CEO, Parisian Family Office. Began Wall Street in '82. Founded investment firm, Native American Advisors, '95. White Earth Chippewa. Raised on reservations. Conservative. NYSE/FINRA arbitrator. Drexel Burnham alum. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from GHOST RANCH on the Yellowstone River in MT, TN farm, PAMELOT or CASA TULE', the family winter camp in Los Cabos, Mexico. Always been, will always be, an optimist.
Wednesday, January 31, 2007
Lazlo Birinyi's TICKER SENSE......
Birinyi's Ticker Sense (note I have it linked on this blog under Lazlo Birinyi) submits: As of 2:55 PM today, the 70 basis point gain in the S&P 500 ranks as the third most positive market performance on a Fed day since the tightening cycle began in June 2004. However, we also looked at the S&P 500 return in the one week following Fed days. 71% of the time the market's direction in the one week period after the Fed day is the opposite of the direction it takes on the day of the announcement.
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