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09-22-2011, 03:51 AM #1Senior Member
- Join Date
- Sep 2011
- Sydney, Australia
Bernanke did a good job of getting everything to tank once again... Well actually he did it in the opposite form this time, the dollar liked him
GFT has been sending updates through all night/morning, the latest -
''[POST FOMC] Primary dealers polled by Reuters have also ascribed a mere 15% chance (median) that the Fed's Operation Twist will boost the economy in a meaningful way. The risk of the US falling back into a recession within a year was roughly still placed at a one in three chance or 35%, whilst the median expected a similar 32% chance that the Fed would be forced into further drastic action to stimulate the economy, namely QE3, over the next 6mths. However most did not expect the Fed to adopt any fresh action at its next Nov 1-2 meeting. Disappointment over the Fed's Twist has been clearly reflected in the markets, with global stocks, commodities and growth sensitive ccies all plunging in tandem. Funds are bailing out as liquidity issues start to dominate, and unlike prior credit crunches, the Fed (via doing the twist), appears to not be in wishes of helping financial firms this time round.''
Doesn't look good...
09-22-2011, 11:05 AM #2
Market looking very bearish still! Bottom of the Bear Flag after a H&S top and going towards 50% retracement on a weekly......
09-22-2011, 11:17 AM #3
Crude oil Chart....hopefully this pans out We definitely need lower crude prices to boost anything in this economy...