Fed gave the biggest boost to longs today by lowering the rate on discount window by .50%.....this will allow Banks & other financial institutions to borrow as much @ LOWERED rate......this will unseize the liquidity issue...
As I always said that " never fight the fed"........
Fed was extremely focussed on giving liquidy for several days..BB knew what he was doing...
Today is also the the ultimate weapon of SHORTS...OE...and they are COOKED NOW $$$$$
This fed move will give boost to markets worldwide as liquidity is eased in US.....
Now watch the fun of SHORTS scrambling to cover...and lose it all in OE......
Perfect storm which shorts can ask for......
As for us longs.....start counting our "pesos now...and get aggressive in buying stocks with good prospects NOW"
Good luck to all on a "wonderful wall street day"
BLOG does not give buy or sell.
Saleem
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