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Unprecedented action, ALL foreign markets soared on the news except CHINA's ! The US $$ IS UP!!
I am long WFMI and may sell and certainly if lucky eneough move my stops UP! Lasting effects of weekend's announcements cannot be known.
If one was short going into weekend (STOPS will be taken OUT on a GAP UP) and shows the RISK when doing so.
I don't know the lasting effects, but areas I am watching are WILL LONG TERM RATES COME DOWN making mortgages more affordable, what will be UP volume today. What will US $$ do and its effects on exports...and more
D
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