Federal Reserve Wanking
August 17, 2007
The Fed is clearly involved in market manipulation at this time. What else is new?
The recent injection of over $62 billion into the marketplace doesn’t seem to be working, so now they tune to the chord of interest rate manipulation.
This will be interesting how this monstrosity of complications plays out.
Not for the faint of heart- there is a high chance of a short-term recovery of major world markets to 10% above current levels, led by the DOW.
Safest action- stay aside and let the carnage continue. Those who hold cash will be heavily rewarded once this plays out as the buying opportunities will be aplenty.
Stay tuned
BC
