Ex15:26

A Sensible and Refreshing Move from the Fed

Tony, that is funny stuff. I just want to know who on the islands wins the immunity idol for this week. Those darn challenges are a killer.

I like Tony's "Odessey"-like approach to posting, but I don't have the time.
Today's more sensible market action shows that someone still isn't buying what the Fed is selling. The news moved the market yesterday (and frankly it hurt my account a bit-but it's not a real loss until it's realized and it was such a nice chance to add), but now everyone has to or say.....
What has changed? -NOTHING- If the FED created another new tool (only $250 B) things must be really really bad.
I believe this is just like other rallies lately, an opportunity for me to unload some of my longer term core holdings and add more SDS, QID, SKF, and DXD.
Be careful and always use stops!