OMFG! Epic.. absolute EPIC move. It is official, this will be Japan, but worse. Much, much, MUCH worse.
Santelli said it best. The market is no longer responsible for price discover. It's now set by the government which is disturbing.
can't believe that they actually said it and are going to do it, I knew when Gordon Brown was here recently and the BOE did it we were soon to follow!!!!!! Unbelievable! Glad I was up money for the day and at home watching too much danger....
WAIT! **NY FED WEBSITE NOW SAYING THEY WILL ONLY BUY 2YRS TO 10YRS. FOR SOME REASON THAT WAS ON NY FED WEBSITE BUT NOT WASHINGTON FED WEBSITE. Long end coming off hard ... Longer-term doesn't mean 20y, HA-HA! Confusion reigns!