Just Kidding!

The market is screaming higher on the Fed emergency plan with four other major central banks to inject more liquidity into global markets.

It smacks of panic, and suggests the Fed is very worried.

Yesterday’s witticism, Top 10 Things You May Not Have Known About the FOMC, may need some additional editing.   

1.  “Hey, Wall Street: We’re not your Bitch anymore.”

Should be changed to:

1. Please forgive us! We crave your approval!

Category: Federal Reserve, Markets

Snubbed

Category: Economy, Federal Reserve, Financial Press, Markets, Psychology, Technical Analysis

Top 10 Things You May Not Have Known About the FOMC

Category: Federal Reserve

Uh-Oh . . .

Shorter Fed Statement:

Cut 1/4 point federal funds rate
Cut 1/4 point discount rate
Growth slowing, inflation risks remain

Mr. Market no-likey the no-happy talk . . . Dow off 175 275 as I type this

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Complete Fed statement after the jump . . .

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Read More

Category: Credit, Economy, Federal Reserve, Fixed Income/Interest Rates, Inflation

The Fed and LIBOR

Category: Federal Reserve, Fixed Income/Interest Rates, Inflation

Irrational Exuberance

Category: Federal Reserve

Sector Performance Following Fed Cuts

Category: Economy, Federal Reserve, Technical Analysis

No, Pending Home Sales Index Did Not Rise

Category: Credit, Data Analysis, Real Estate

“Economics and Business” Books of the Year (Economist)

Category: Books

14,164.53* (Read it here first)

Category: Financial Press