tonight’s agenda
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- PowerPoint PPT PresentationTRANSCRIPT
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Tonight’s Agenda
Club Info
Elections
The Feds Decision
Administrative Stuff
$15 Club Due $5 more will get you a shirt Competition
Executive Positions
President: Creates weekly presentations, presents, directs the executive board.
Vice President: Assists in weekly presentations, does thorough market research
Director of Marketing: Promotes the HawkTrade club and competitions
Director of Group Simulations: In charge of running the Investment Competitions
Director of Technology: Manages day-to-day operations of the club website.
Officer of External Affairs: ensures that HawkTrade is apart of university events and stays in good standing within the Tippie College of Business
Treasurer: In charge of membership dues, taking attendance.
Treasurer
Lai XuNick MelroseWilliam Cai
Officer of External Affairs
Andrew RymarzWilson Wang
Director of Technology
Hunter TebbittWilson Wang
Director of Group Simulations:
Suyang ZhouDanny Zigman
Director of Marketing
Kyle HasenmillerSusan Sun
Vice President
Darryl CornishLai Xu
President
Carl Dick
Fed Decision
FOMC Meeting: Fed Launches Operation Twist
Wed 21 Sep 11 | 02:23 PM ET
FOMC Meeting
The Committee discussed the range of policy tools available to promote a stronger economic recovery in a context of price stability.
It will continue to assess the economic outlook in light of incoming information and is prepared to employ these tools as appropriate
FOMC: Four Key Ideas
1st: There will be no rate hikes until mid-2013.
2nd: The Fed says downside risks to the economy have grown.
3rd:The Fed is prepared to use additional tools if warranted.
4th:Three Fed members have dissented from the FOMC decision.
FOMC Vote- 7:3
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman William C. Dudley, Vice Chairman Elizabeth A. Duke Charles L. Evans Sarah Bloom Raskin Daniel K. Tarullo Janet L. Yellen.
Voting against the action were: Richard W. Fisher Narayana
Kocherlakota Charles I. Plosser
The Three Dissenters, would have preferred to continue to describe economic conditions as likely to warrant exceptionally low levels for the federal funds rate for an extended period.
Operation TwistThrough June 20126-30 yr treasuries (12.5 year average)
Fed Decision
U.S. Treasury Yield Curve
Is the Fed out of Tools?
QE3?
Lower Rates?
Fed Changing their Language Transitory (early 2011)
Soft Patch (summer 2011)
Significant Downside Risk
(Sept 21st 2011)
Gartman on Copper Crash and FedPlay till 3:45min
| 1:08 PM ET
Jobless Claims
Global Market MeltdownThu Sep 22 7:00 p.m. EDT
Entering a Bear Market?
Bear Market is technically a 20% decline
Europe has experienced 30%-40% declines already
Are we next?
How to Trade in a Bear Market
Very Volatile
News Driven
Bear market Rallies
Buy the dips, sell the rips