Friday, August 15, 2008

FED HAS SAVED DAY?

Yet what you will observe is the FED has FLOODED market with paper, backstopped FNM and FRE and have UNLOADED BOTH BARRELS.........yet what you observe is RISING MORGAGE RATES!!!! STRICTER LENDING STANDARDS
OIL DOWN.....GOLD CRUSHED UNDER $800..US $$ SOARING ABOVE 77 ??? WTF??? almost parabolic since its historic 71 print.
SPX FUTURES GAINING.....IT'S OPEX FRI BEWARE.....many watching action nearSPX 1305
D

2 comments:

Anonymous said...

yes, 1300 failed yesterday, but the 1275's held, I think we can test the 1314 level, we will see. one thing for sure there is supply from 1305-1314

Anonymous said...

on borrowed time I think