And the Nikkei 225 opened up +306.91 that’s plus +2.5% to 12,519.14 as of 9/8 9:15am Tokyo time.
I love the headlines that accompany this: Asian Stocks, U.S. Futures Rally on Fannie, Freddie Takeover Yeah! We’re all Socialists now!
Here’s your open thread for the night: How much of this bailout was calculated not at "Systemic Risk," but instead at Asset Depreciation, i.e, falling stock prices?
Does tomorrow’s gap up hold? Or, is this like all of the previous weekend rescues — rally, failure, new low?
The floor is yours . . . What say ye?
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.