gridflash

Markets Look Set Up for an Ugly Fall

Interesting analysis. But I'm not sure the current credibility crisis in the financial markets is something that the FED has the tools to solve.
We got a great pop this morning but many investors have been waiting for this opportunity to sell. And the current thinking is that now the FED will not need to deliver .75 basis points on the 18th, which is causing a bit of a selloff as I type this. I also note that none of the attempted rallies today has reached this mornings peak.
Remember this only a 28 day solution.