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What's Going on Today?
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17-02-2009 11:23am#1
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Worth keeping an eye on the dollar index, it seems to be dollar up commodities and indexes down.
A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer
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BOOM! The announcements by the FED today has caused some major movements in the markets today.
That was some drop off in the US Dollar index today...posts I made on thepropertypin today...ixus wrote:Hyper Hyper!
U.S. Considers Expanding TALF to Distressed Assets
http://www.bloomberg.com/apps/news?pid=20601087&sid=a8G2FXg513lE&refer=home...As it’s currently set up, the TALF may lend as much as $1 trillion to investors from hedge funds to pension funds and insurance companies to buy recently created securities backed by loans for car purchases, college education and real estate. Applications for its first loans are due tomorrow.
Broadening the TALF to include older, illiquid and lower- rated securities could allow the participants in the public- private investment funds to potentially repackage assets and sell them on to a wider group. ...
1.25 TRILLION
Fed to Buy $300 Billion of Treasuries, Increase Other Purchases....“To provide greater support to mortgage lending and housing markets, the committee decided today to increase the size of the Federal Reserve’s balance sheet further by purchasing up to an additional $750 billion of agency mortgage- backed securities,” the Federal Open Market Committee said in a statement in Washington today. “Moreover, to help improve conditions in private credit markets, the committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months.”
Chairman Ben S. Bernanke is becoming more aggressive after unemployment climbed to 8.1 percent and economists forecast the economy will shrink through the middle of the year. Fed officials also kept the benchmark interest rate at between zero and 0.25 percent. The central bank also said it will consider expanding the Term Asset-Backed Securities Loan Facility to include “other financial assets,” the statement said.
The Fed added that it will “increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion. ......ixus wrote:http://acrossthecurve.com/?p=3964The breakeven spreads on 10 year and 30 year TIPS are exploding. That means they are predicting more inflation down the road. The breakeven spreads generally move glacially.
In both the 30 year sector and the 10 year sector they have moved about 11 basis points today.
That movement would be in line with the absolute cratering of the greenback as well as the huge move(upward) in price of gold.
http://acrossthecurve.com/?p=3955ICBM Bernanke
March 18th, 2009 3:06 pm | by John Jansen |
Helicopter Ben is no longer the appropriate appellation for the Chairman of the Federal Reserve System. Under the tutelage of this former economics professor, Chairman Bernanke launched an ICBM into the market today and I will dub him ICBM Ben.
The Committee voted to expand the balance sheet of the Fed by a whopping $1.150 trillion. The Fed will buy an additional $750 billion mortgages,an additional$100 billion agencies and for the first time they have added $300 billion longer dated Treasuries to the list.
The move in the market is huge,historical and hellacious....
ICBM = Inter-Continental Ballistic Missile (I think)
ixus wrote:
That is some jump in a couple of hours. FED is turning on the afterburners.0 -
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my chart of today , it shows the number of stocks above their 50 day MA , i would not take on a long position until this gets into the 10/20 range,unless trading
A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer
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The regional bank index is on its way to do a retest of the march lows , using trendlines its lost all support, one of the flock of canaries in the coal mine
A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer
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