"The Fed could enforce these interest-rate ceilings by committing to make unlimited purchases of securities up to two years from maturity at prices consistent with the targeted yields. If this program were successful, not only would yields on medium-term Treasury securities fall, but (because of links operating through expectations of future interest rates) yields on longer-term public and private debt (such as mortgages) would likely fall as well."
For more on this read this explanation Click here ...
You know, it will be a covert opp, not too sure they can come out and say it. Time will tell. But who gives a shit really, just keep buying the PHYZZ and let the world do its part for us. Its actually an easy philosophy; buy the phyzz, hold the phyzz, spend the phyzz at a later date on tangible hard assets such as real estate and land.
I'm expecting some sort of short term bounce here especially after RIMM got destroyed so bad, but who knows, this could be the start of a continuation sell off that may blast through MA's like they weren't even there.
Just for the record, as I warned 5 minutes after Ben's speech, is that Im 99% cash. I have covered most of my shorts/PUTS. I am long Tinka only. I am ready to pound the paper markets deeper or if the markets show green I may put on a small long or two. But here's the rub; I WILL BE OUT OF MY LONG POSITIONS BY THE END OF EVERY TRADING DAY.
Do not get caught with your pants down. You cant run like that. Its gets in the way.
Comex 'supply' stays at 27.9 mill.