Intraday for August 17, 2007

Fed cut discount window! This should be one of the biggest up days in market history, if not the biggest! Sell QID at open price, hopefully for a small profit. More to come later. Great news everyone, this should start the bounce! Update 12:17 PM EST:  Well the rally has fizzeled so far, but it could pick up going into close.  We were a little off on the magnitude, wishful thinking I guess.  You know what they say, it ain't over till its over! Update 4:35 PM EST:  Not a bad ending.  We had unrealistic expectations on the fed rate, just got so excited that they actually did something.  This is a huge reversal for fed policy.  HUGE.  It is extremely positive.  However, we will have to wait to see how it actually impacts the companies that are in trouble.  It has to help the companies in trouble to help the markets.  On another topic, PFE entry price adjusted for the August 8, 2007 dividend.