[quote=LuckyInOC]I just found it interesting that since this low of Oct 9-10, 2009 the Dow has:
1. Rose then dropped to 8.1K on 10/27
2. Only to rise to to 9.6k on 11/4, Election Day
3. Drop to 7.6k by 11/20
4. Rose to 9.0k only to drop back to 8.0k this week.
Unfortunately, the collateral damage has started. I can’t see how the Dow can stay above 8.0k any longer and test the 7.6k low on 11/20/08. Even the Dow seems not only possible, but probable to be in the 6’s.
very…
Lucky In OC
[/quote]
Fed is threatening to monetize the Treasury Bond debt. The problem is they can’t issue the $2Tril already needed plus buy up all the bonds held by others in the open market.
Bonds sold off pretty good after his comments on it which means they are calling his bluff.
