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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (269963)8/19/2010 10:44:24 AM
From: THRead Replies (1) | Respond to of 306849
 
pg,

Right like NMM said, gold has a trend.

What the Fed has done with the purchase of the long end of Treasuries is one of the absolute worst things they have ever done. It sends the wrong message to the market and tries to extend their influence to everything. It will create a massive distortion in the markets and set up a whole mass of new fools that believe Treasuries and the clownbuck are as good as gold.

Not to mention it is completely fraudulent. Plain and simple fraud that the world seems to have no concern with, yet.

So, expect stupid bond action to continue as the Fed pumps out a new POMO schedule and will INCREASE the rate of purchase if they do not get the market action they want.

It is so clearly insane it makes me sick.

GT
TH