it's all Wachovia and Caterpillar's fault, with their disappointing earnings. Don't these loozers know they can boost earnings by just borrowing more on their credit cards?!? That's right, isn't it, stock_trad3r??
Look at FXY, its exploding. BOJ is committed to raising interest rates, Muto says - Bloomberg : Bloomberg reports the Bank of Japan remains committed to raising interest rates as the world's second-largest economy extends its expansion, Deputy Governor Toshiro Muto said. "The Bank of Japan will gradually adjust the level of interest rates in accordance with the pace of improvements in the economy and prices and check risk factors,'' Muto said at an annual meeting of Japanese credit cooperatives today in Tokyo.
Ben is waiting in the wings, he won't let th e Dow fall more than 250 points in a day. He's got plenty of ammo at his disposal obviously. LOL
They must have gone out for an early weekend, watch for them next week, they will play catch up and spray benjamins at the market.