That was my point yesterday. I thought the market would puke after the initial reaction, even if it rallyed 400 points off 1:15 decision. The Feds are out of ammo. Look at the 30 year bond. Huge move up. Look at the dollar, getting crushed. Morgan Stanley news, not good. Financials are far from being out of the woods. We have deflationary pressures across the horizon. Short term flight to Quality are short term tres. and 30 year. Even though the 3 year Tbills are trading negitive, those that are wealthy will take a loss of 25 per 1000, just to be liquid. Things are far worse than many are saying. People actually are calling for a rebound in 09. fucking crazy.
The printing press is running at full steam. Wait for double digit inflation on the back of this crisis.