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Cue Dollar Squeeze Panic: Fed Sends A Record $6.3 Billion To Switzerland Via Swap Line

From zerohedge.com

BofA Chief Investment Strategist Michael Hartnett (whose latest weekly note we will dissect shortly) has a favorite saying for when critical phase (to avoid the most hated word in the world "paradigm") shifts take place in the market, one which may be the only word a trader in this day and age needs (or rather hopes for): "Markets stop panicking when central banks start panicking." So in what may be the best news to shellshocked bulls after the worst September and worst Q3 in generations, in a harrowing year for markets, and on a Friday which seeks to reverse much of yesterday's historic intraday reversal, the 5th ... (full story)

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  • Category: Fundamental Analysis