And it will have to continue. They cannot let rates rise. Higher rates will crumble the housing market, and cause stocks to head back towards 700 on the S&P.
Yes, but just a hint that the Fed may taper off bond buying a little...somewhere down the road...is enough to cause a big drop in practically all asset classes. That's what the Fed is up against. I wonder if anyone really wants to take Biscuit-eatin' Ben's place?
This is the internet where the cynical are plenty. I don't know which way it will go, but I know what most people on this forum will say.
What ever happened to Lucias? I miss reading him talk about how he was the greatest trader in the world, yet couldn't seem to get it going well on his simulator.
How difficult it is to press a few buttons on a computer to buy bonds? Oh, no, the S&P is down 5%. I gotta buy more bonds!
Yes it is at the moment. Traders though always look forward. The market is pricing in the tapering of bond buying. Even though it's six months away.