I like Larry Levin a lot. He can be a little emotional from time to time...but he is a great trader. Here's what he says about what the Fed did yesterday. Can't sum it up any better then this:
"That's right, the Federal Reserve surprised the hell out of the market today by promising to increase its balance sheet today by a whopping $1.25 TRILION. However, the most worrisome portion of this madness is their commitment to buy $300 billion in longer-term Treasuries. The Fed will buy 30-YR bonds directly from the Treasury; one government entity to another! If this sounds odd to you, it's probably because it is. What they are doing is a bit like filling your swimming pool by pumping water from the deep end to the shallow end."
Posts
Are These Stocks Naughty or Nice?
6 years ago
No comments:
Post a Comment