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THE FED DECISION IS OUT: And The Taper Has Begun
BI Australia ^
| December 18, 2013
| Matthew Boesler
Posted on 12/18/2013 11:16:27 AM PST by John W
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To: John W
Well, the Dollar skyrocketed on the 2:00 news. But now it's tanking on the 2:30 FOMC Press Conference.
It appears people buying/selling Dollars don't know what to do except scream, holler, run in circles, or buy or sell or... whatever.
I can't say as I blame them.
21
posted on
12/18/2013 11:38:19 AM PST
by
Gritty
(Liberals think living your life free of welfare, EBT, and government nannies is "cheating"-J Hawkins)
To: Cyber Liberty
Yup - I did the same thing.
It took a quick dive and then... WTF?
This is why I'm not a day trader. Figure the market? I'd be broke by now.
Comment #23 Removed by Moderator
To: Gritty; All
Keep your eyes on these two charts and get ready for when they cross (dollar heads down while gold heads up) and stay that way all time. In the meantime, the central banks will do everything in their considerable influence to prevent it from happening.
The "magic number" for the dollar appears to be 80 on the index.
24
posted on
12/18/2013 11:42:54 AM PST
by
Errant
To: green iguana
But the real unemployment rate after you take out all the frauds and Gimmicks is probably over 3 times the rate they list.
But gullible sheeple will believe anything.
25
posted on
12/18/2013 11:43:42 AM PST
by
Revel
To: Gritty
DOW is up nearly 200 2:45 EDT
26
posted on
12/18/2013 11:44:44 AM PST
by
eyedigress
((zOld storm chaser from the west)/ ?s)
To: green iguana
At 2%/year, it simply means the government wants to steal about 20% of your wealth every decade ... do the math ...
And we let them get away with it!
27
posted on
12/18/2013 11:44:51 AM PST
by
rollin
To: eyedigress
Recovery for Wall $treet but not Main Street...funny we never hear that anymore....
28
posted on
12/18/2013 11:45:50 AM PST
by
nascarnation
(Wish everyone see a "Gay Kwanzaa")
To: Cyber Liberty
Everything is upside down in the entire world.
29
posted on
12/18/2013 11:46:21 AM PST
by
steve86
(Some things aren't really true but you wouldn't be half surprised if they were.)
To: Cyber Liberty
“I clicked my ticker link expecting to see a huge plunge, but the Dow shot up over 150 pts, and is still going. WTF?”
And the 10 year Treasury Yields actually dived as well. Nothing is normal. It is all Smoke and Mirrors.
30
posted on
12/18/2013 11:50:30 AM PST
by
Revel
To: Cyber Liberty
Oh, the plunge is there. It’s pretty funny too. Statement came out at 1 and traders started reading it. They hit the taper part “They’re tapering - SELL”, and the Dow plunged 100 points in no time.
They keep reading, knowing in their hearts all the rest is drivel unti they hit the part about walking back the 6.5% unemployment target. “Holy **** - BUY!!!”
And the Dow rockets up 250 points.
To: nascarnation
Recovery for Wall $treet but not Main Street...funny we never hear that anymore...That's because it's now "their" Wall $treet.
32
posted on
12/18/2013 11:54:24 AM PST
by
RckyRaCoCo
(Shall Not Be Infringed)
To: RckyRaCoCo; nascarnation
Exactly.
The Messiah is great for all. /s
33
posted on
12/18/2013 11:58:09 AM PST
by
eyedigress
((zOld storm chaser from the west)/ ?s)
To: green iguana
Sort of like when they read out the SCOTUS tax decision on Obastardcare.
34
posted on
12/18/2013 11:58:10 AM PST
by
Cyber Liberty
(H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
To: Gritty
When in trouble, when in doubt,
Run in circles, scream and shout.
And it’s only Wednesday.
35
posted on
12/18/2013 12:03:45 PM PST
by
sarasota
To: steve86
Everything is upside down in the entire world. It's been that way for almost five years, now.
36
posted on
12/18/2013 12:05:16 PM PST
by
Jane Long
(While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
To: John W
Wow, a whole ten billion. Wow. I’m impressed. /drippy-drippy-sarcasm
37
posted on
12/18/2013 12:12:34 PM PST
by
CodeToad
(When ignorance rules a person's decision they are resorting to superstition.)
To: servantboy777
Do they taper based on the lies of the Bureau of Lies, eh I mean Labor in regards to unemployment? This should prove interesting when the expansion of QE47 begins again in 2014 and the Fed is blamed on an “unexpected” recession next year instead of obamacare.
38
posted on
12/18/2013 12:20:30 PM PST
by
sarge83
To: steve86
So what I've got from Bernanke today is basically...
...those that created the financial crisis in the first place...by their actions in concert with FED policies...are the ones who have benefited the most....
That'll teach'em!...
...Thanks Ben!
(time to build that new addition...on my cardboard box)
39
posted on
12/18/2013 12:29:25 PM PST
by
RckyRaCoCo
(Shall Not Be Infringed)
To: All
I am dreaming; along w/ USA and apparently the whole earth.
Now I understand why USG _rammed_ a continued deficit budget into “law”.
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