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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.800-5.9%11:45 AM EST
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yard_man
To: The Ox who wrote (133)9/17/2020 3:43:15 PM
From: Bull RidaH1 Recommendation  Read Replies (3) of 4394
 
Lack of follow through on early downside today leads me to believe we'll only see a mid-tine strike on the down fork, somewhere south of 10k next week.

That should be enough to induce another trillion in purchases of mortgage-backed securities by the fed, right? What do they own now, 40% of all mortgages? Meanwhile the CDC declared war on Landlords, so the mortgages can't be paid? Looks like maybe the 900 lb gorilla is muscling his way into the landlord business.

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