Loading ...Deer79 – concur, although after the huge shakeup at the open, we’ve leveled off a bit. Last time I looked your two little guys Eloro and Lion were up.
Ipso – agree with all your posts this morning. Especially all those threatening to leave can GTFO
aurum – good call. Hopefully it’s the bottom.
Regardless, and lost in the euphoria today is the Fed meeting and the bond market. Bonds have been a one way ticket down for awhile now, and moving pretty quickly. The buyers in the last couple of auctions are underwater. How long can the Fed/Treasury keep offloading these things on the backs of the big banks? Then there’s the repo issue and I’m sure this is helping to speed up the need for more cash.
When all of this unwinds, I would expect the dollar to crater, although with all the trash fiat in Europe and Japan, who knows? Maybe the Swiss franc is the best alternative?