A Systematic Trader's Journal

Due to some technical error, I am posting this events in GMT time manually.   Date Time $€£¥ Event Per. Prev. Fore. Act. Imp. 09/16 12:30 CAD Manufacturing Shipments m/m 2.1% 1.0% - 12:30 USD Core CPI m/m 0.3% 0.2% - 12:30 USD CPI 0.8% 0.0% - 13:00 USD TIC Net Long-Term Transactions 53.4B 55.0B - 14:00 USD Treasury Sec Paulson Speaks * * * 15:00 CHF Gov Board Member Hildebrand Speaks * * * 17:00 USD NAHB Housing Market Index 16 17 - 17:30 USD Treasury Sec Paulson Speaks * * * 18:15 USD FOMC Statement * * * 18:15 USD Federal Funds Rate 2.00% 2.00% -

Today's events have indeed been a thrilling experience experience for the international markets. As I am writing this, the China Central Banks has just cut its key interest rate again by 27 basis points to spur growth, Lehman (est. 1844) has filed for Chapter 11 (Bankruptcy) , there are rounds of ECB having an emergency rate cut, UBS sneaking in to declare another $5B of writedowns, AIG seeking help from the Fed with a request of a $40B bridge loan after rejecting an offer by Flower to prevent themselves from joining the slaughterhouse where their CDs are currently gapping outwards, and it seems that the only few pieces of good news are probably that Merril had a merger with BOA, as well as a consortium of global banks have put together a $70B fund to facilitate liduidity and an orderly resolution between Lehman and their counterparties. ECB also joined in with $30B to curb liquidity woes as well.  In my opinion, it seems like an obvious trend that all Fed Governors are challenged ...