Replies to post #263833 on Option Millionaires

[Nolerman]

"The Fed meeting which to me is too far away to effect the markets"

The unemployment announcement is coming out Friday for August data. It will be one of the last data points the Fed will use to decide whether or not to raise interest rates.

Also, don't forget that tomorrow is the end of the month. Pensions, mutual funds, hedge funds and other large institutions will square up their books, put on hedges, get rid of losers, clean up margin calls or just step off to the sidelines.