DOLLAR TANKS, RATES COLLAPSE, STOCKS EXPLODE TO ALL-TIME HIGHS (After Fed's No Taper Announcement)

Business Insider ^ | 09/18/2013 | Sam Ro

[SeekAndFind]

The Federal Reserve's FOMC statement is out, and it's a shocker! The Fed is NOT TAPERING its massive $85 billion large-scale asset purchase program.

Almost no one expected this.

The Dow went from -40 to +63 in the blink of an eye.

The S&P 500 got as high as 1,718, which is an all-time intraday high.

The U.S. dollar tanked, and gold spiked.

The 10-year Treasury note yield tanked to 2.76% from around 2.86% before the announcement.

[SeekAndFind]

First question that comes to mind: How long can they keep kicking the can?

[bigtoona]

Gotta keep pumping for 2014 elections..

[Red in Blue PA]

Free money! Heck, everything is free nowadays under obozo. No need to ever pay for our debts!/s

[traditional1]

"No need to ever pay for our debts!/s"

Yeah; Republicans can point to THIS when they talk about the Debt Ceiling/CR and NO MONEY FOR THE OBAMACARE takeover/handouts.

[BenLurkin]

Irrational exuberance

[GraceG]

Gotta keep pumping for 2014 elections..

Pump...(Clap)... It UP!

[PGR88]

First question that comes to mind: How long can they keep kicking the can?

The Fed has a lot of extra zeros left to add to their spreadsheets, and most Americans have yet to realize how their savings and wages are being stolen by devaluation of the currency - so I say, a while longer yet...

[Theoria]

Well, some on the Left have already suspected that it will be delayed until the 2016 election. And fall completely into the next President's lap, whoever that is.

[Beowulf9]

Wait. What about all the stimulus’s?

You mean we CAN’T afford to go into Syria? Gee.

[Yosemitest]

At any other time in history, if we had a group of people STEALING 85 BILLION DOLLARS EACH MONTH over several months, the American people would be out with guns and knives after the blood of the thieves,
Then they'd take the bodies of these thieves and burn them in the garbage dump.

[MrB]

2016?

I have my own reasons, but I’m predicting Sept 2015.

They may want to keep it afloat until 2016, but they won’t.

[nathanbedford]

Somethin' spooked ' em.

[CivilWarBrewing]

Can someone translate this, please? Stock market and Precious Metals are rising.. Is this the party before the ship sinks?

[Cicero]

The price of gold shot up about $50 in the blink of an eye, too. Silver also popped.

Somebody, probably the IMF, knocked the price of gold down $10 last night when the Japanese market opened. Hoping to avoid today’s rise, I expect. No such luck.

[BenLurkin]

Like it’s 1999

[Carriage Hill]

“The 10-year Treasury note yield tanked to 2.76% from around 2.86% before the announcement.”

1/10th of a % is “tanking”?

[MrB]

Stocks and precious metals are “rising”,
but only RELATIVE TO THE VALUE OF THE DOLLAR.

The dollar is tanking, because they’re creating $85 billion out of thin air every month.

[Carriage Hill]

Boy, did I and Dave Ramsey ever get fooled. Heh.

[tcrlaf]

“At any other time in history, if we had a group of people STEALING 85 BILLION DOLLARS EACH MONTH over several months, the American people would be out with guns and knives after the blood of the thieves,
Then they’d take the bodies of these thieves and burn them in the garbage dump.”

At this time in history, if yiou even dare to mention such a thing, you will be called a RACIST! by the media,or one of those crazy CONSERVATIVES, or even worse, a possible Christian....

Welcome to the idiocracy, folks. And frankly, it is one of our OWN creation.