ES Journal - 2014
- Thread starter murica
- Start date
flat 17.5 ahead of fed announcement 16.5 offer if touched cxled
What do you think they're buying? Mostly Ts? Not.
They're buying MBS (and to a lesser extent, treasuries). And the MBS are being bot by the Fed at prices that would never trade in a competitive mkt.
MBS is still being swapped for reserves that never find their way into the real economy, so no effect on M2. There's what, $1.5-2tn locked up in the banks? Not sure what eventual losses on MBS will be, I've yet to see any charts of MBS mkt value before and after the fed entered the market. Nontheless, there will be losses I am sure, sponsored by the american taxpayer.
out 14,,,,,,,,,
Bidding 1805.75 to flatten. Longing 1801.25 and adding 1791.25 - GTC.
we all better hope it does not get to this point. speculation is ammunition is hard to get now so this would be an indirect way of confiscating guns. run on banks, maybe that is reason for stringent capital requirements at member banks...fear of run on banks if all goes to hell in a hand basket.
i heard the other shoe drop a few hours ago,..not sure if i was dreaming :eek:
would not be a surprise. and if it breaks the neckline anyones guess where it goes from there. 200 SMA touch may provide a btfd dead cat bounce.