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Politics : Formerly About Advanced Micro Devices

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To: miraje who wrote (1239875)6/15/2020 2:34:21 PM
From: sylvester80  Read Replies (1) of 1575289
 
As I said, I got my profits and YOUR money at the open. I was expecting the FED to show up again... and like a loser clockwork, the FED did... HAHAHAHAHAHAHAHAHAHA... so I will wait till the longs to get lathered up again and then I TAKE THEIR MONEY ONCE AGAIN... LMFAO...

2:15 p.m. ET: Stocks jump after Fed said it will buy individual corporate bonds
Stocks rose and the Dow added more than 200 points, after the Federal Reserve said it will purchase individual corporate bonds that meet their criteria under the central bank’s Secondary Market Corporate Credit Facility. Previously, the Fed had been purchasing just exchange-traded funds under this facility.

The new program will include an index “made up of all the bonds in the secondary market that have been issued by U.S. companies that satisfy the facility's minimum rating, maximum maturity, and other criteria. This indexing approach will complement the facility's current purchases of exchange-traded funds,” the Fed said in a statement.

The central bank will be purchasing bonds will higher credit ratings and up to a five year maturity.

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