with all the bad news out there today, what are the chances for a fed move tomorrow? will Ben step in?
Isn't market going down considered bad news by the Fed? LOL. I remember in August there wasn't much bad news and the Fed cut the discount rate by 50 bp. It was because the stock market was down. That was the main bad news. The Fed only cares about saving the stock market! Economy and the dollar don't matter in their eyes. Watch for Ben to move sometime soon with a 50 bp bopper aimed straight to the temples of the shorts.
000000000000000000000 everyone thinks the federal reserve is there to save the stock market... there NOT there to do that.
The Federal Reserve has tried to save the stock market on bad down days for the last 20 years. And you expect people not to buy dips after that track record by the Fed? They don't let the market go down. They exist to save the stock market. It is plain as day.