The currency markets are sure indicating a cataclysm. Intervention is the only thing that's going to stop this. USD/YEN falling like a meteorite.
RATE CUT hell no!!! If they cut the FED rate anymore they will only push the dollar down further.....
If there is anyone in this fuckin gov't who has a clue, get that idiot Bernanke to raise rates now.. Yes RAISE rates. The market will have a spasm but might actually go positive. If the dollar isnt stabilized, I dont know what will happen in the next 2 weeks.
Emini S&P 500 was down 6, now up 10 ! This is so crazy !!! What is going on ? How can this be ? Shouldn't it be down at least 20 ?
Exactly. They're not thinking CLEARLY here. This "Sea of Money" they're creating is clearly being seen by the market as dangerous in the medium/long term. They can't "see" this ?
They can care less about the $. If they did care they would have done something years ago. Forget about it now, I said the same thing about rates and that they shouldnt have been lowering them but they dont care about the falling $, all they care about is providing liquidity to the markets and an everlasting BULL MARKET.