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THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION DISCUSSED DURING HAWKTRADE MEETINGS. Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Investing in any financial instruments does not guarantee that an investor will make money, avoid losing capital, or indicate that the investment is risk-free. There are no absolute guarantees in investing. HAWKTRADE and its members do not bear any responsibility for losses or gains made by members trading on their personal accounts based on analysis from HAWKTRADE meetings.
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 Xu • Nick Melrose • William Cai
Officer of External Affairs • Andrew Rymarz • Wilson Wang
Director of Technology • Hunter Tebbitt • Wilson Wang
Director of Group Simulations: • Suyang Zhou • Danny Zigman
Director of Marketing • Kyle Hasenmiller • Susan Sun
Vice President • Darryl Cornish • Lai Xu
President • Carl Dick
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 • NarayanaKocherlakota • 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)
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)
| 1:08 PM ET Gartman on Copper Crash and Fed Play till 3:45min
Thu Sep 22 7:00 p.m. EDT Global Market Meltdown
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