AP is headlining a story saying the market is rallying on it. It's surprising to me though. Good prediction.
Typical "conspiracy" comments on ET by those that continue their lives as "paper-traders". The bottom line is that there was a ton of capitulation in the Treasury market yesterday and today's market was set-up with enough negative sentiment for a news announcement that removed some "uncertainty"from the marketplace. This was a highly TRADEABLE and PROFITABLE move. Congrats to everyone that took profited from it. Have a nice Weekend everyone!
Something like this happens 70% of the time on option exp Friday. Howe many times recently has the Fed made major announcements on option exp Friday. Believe me this is no coincidence. How you could think this announcement was purely coincidental is beyond comprehension. Iâm glad the market rallied it was extremely oversold.
Yes indeed....the game MUST GO ON!!! Glad to see TEAM CHANGE has, "Children of the Fed" coming to a administration near you! :eek: More PROOF.....globalist directed "continuity of administrations" reality, as the privately held fed sends off one of their deranged children to enable the completion of the financial grid takeover. The Private Bankers OWN your country......get used to it! :eek:
Obama Picks CFR Insider to Head Treasury Kurt Nimmo Infowars November 22, 2008 Itâs change we can believe in. President of the Federal Reserve Bank of New York and CFR member Tim Geithner will take over the job of administering the banker bailout in January. remainder of story with video...... http://www.infowars.com/?p=6143
Paulson, I would expect, understands our current financial situation and how we got into this predicament because he is part of the problem via his GS credentials. Geithner, as a far as I can tell is a career bureaucrat. What can he bring to the table beside boilerplate economic policy? Or to put this another way. More likely, Geithner would ask advice from Paulson than vice-versa. ---------------------------------------------------------- READ THIS: Timothy F. Geithner, President and Chief Executive Officer Remarks at the New York University Stern School of Business Third Credit Risk Conference, New York City May 16, 2006 Summary: Credit derivatives have contributed to dramatic changes in the process of credit intermediation, and the benefits of these changes seem compelling. They have made possible substantial improvements in the way credit risk is managed and facilitated a broad distribution of risk outside the banking system. By spreading risk more widely, by making it easier to purchase and sell protection against credit risk and to actively trade credit risk, and by facilitating the participation of a large and very diverse pool of non-bank financial institutions in the business of credit, these changes probably improve the overall efficiency and resiliency of financial markets. With the advent of credit derivatives, concentrations of credit risk are made easier to mitigate, and diversification made easier to achieve. Credit losses, whether from specific, individual defaults or the more widespread distress that accompanies economic recessions, will be diffused more broadly across institutions with different risk appetite and tolerance, and across geographic borders. Our experience since the introduction of these new instruments--a period that includes a major asset price shock and a global recession--seems to justify the essentially positive judgment we have about the likely benefits of ongoing growth in these markets. Despite the benefits to financial resilience, the changes in the credit markets that are the subject of your conference have also provoked some concerns and unease, even among those on the frontier of innovation and the most active participants in these markets. These concerns are based in part on uncertainty--a candid acknowledgment that there is a lot we do not yet know about how these instruments and the increased role of nonbank institutions in these markets will affect how the financial markets are likely to function in conditions of stress. [...] Let me conclude by reiterating the fundamental view that the wave of innovation underway in credit derivatives offers substantial benefits to both the efficiency and stability of our financial system Full text on link: http://www.newyorkfed.org/newsevents/speeches/2006/gei060516.html