Formerly NE North Dakota, now NW MN | I mean, wow.
Haven't seen a move like that since........well........I'd rather not think about that actually.
I was even more chagrined to see them open higher again tonight. Really hoped today was a blow-off top.
Go long the greenback I guess. dx 100 here we come. I guess the upside will be the letter we got in the mail about operating money being .25% more expensive will be quickly followed by another letter lowering .5%.
Like, 20 days ago, weren't we talking about raising rates? Now we're risk off like a 70's disco on fire. I dearly hope i'm wrong, but it kinda looks like tomorrow the doors won't be wide enough in quite a few markets. Luckily for all of us i'm much better at complaining than predicting markets.
Bullard just hints that "well, we might not raise" and the economy tanking becomes a self-fulfilling prophecy.
John- if you have a fed-ripping article up your sleeve tonight it would be well received! |
It's not always blue sky's .… oct fats and those pesky bonds
