I don't see no way out of this mess...The Fed Reserve pump $630 billion dollars of toilet paper into the global financia system and the market still crash..What I realized is that the more the feds pump money into the system, the more fear the global financial becomes.
That forgot to say the most expensive "PUMP and DUMP" hype in history..
My conspiracy is that the White House setup a perfect crisis for the market to selloff for a better bottom buy..
The market is running out of places to invest ...Create a crisis and capitalized on the recovery..
That forgot to say the most expensive "PUMP and DUMP" hype in history..
My conspiracy is that the White House setup a perfect crisis for the market to selloff for a better bottom buy..
The market is running out of places to invest ...Create a crisis and capitalized on the recovery..
here's something nice and simple:
"Sept. 29 (Bloomberg) -- The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed's emergency loan program, will expand by $300 billion to $450 billion. The European Central Bank, the Bank of England and the Bank of Japan are among the participating authorities.
The Fed's expansion of liquidity, the biggest since credit markets seized up last year, came hours before the U.S. House of Representatives rejected a $700 billion bailout for the financial industry. The crisis is reverberating through the global economy, causing stocks to plunge and forcing European governments to rescue four banks over the past two days alone."
Now let's think about this folks.
The Fed threw $630 billion into the market before the vote, and yet the S&P 500 was down 40 handles anyway, and in fact tanked after the vote.
Note carefully - Paulson's plan was $700 billion, and Bernanke spent $630 billion - almost the entire amount proposed - but failed to fix the problem.
Got it?
Good.
Now do you see what I've been saying?
We were about to piss $700 billion into a tornado and lose it forever.
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