The "magic number" for the dollar appears to be 80 on the index.
Posted on 12/18/2013 11:16:27 AM PST by John W
The December FOMC decision is out.
The Fed will taper asset purchases to a monthly rate of $75 billion from the current $85 billion pace. Half of the reduction is in Treasury purchases and half of the reduction is in purchases of mortgage-backed securities.
However, the FOMC did not modify its forward guidance, leaving the unemployment rate threshold for the first rate hike at 6.5%.
(Excerpt) Read more at businessinsider.com.au ...
It appears people buying/selling Dollars don't know what to do except scream, holler, run in circles, or buy or sell or... whatever.
I can't say as I blame them.
This is why I'm not a day trader. Figure the market? I'd be broke by now.
The "magic number" for the dollar appears to be 80 on the index.
But the real unemployment rate after you take out all the frauds and Gimmicks is probably over 3 times the rate they list.
But gullible sheeple will believe anything.
DOW is up nearly 200 2:45 EDT
At 2%/year, it simply means the government wants to steal about 20% of your wealth every decade ... do the math ...
And we let them get away with it!
Recovery for Wall $treet but not Main Street...funny we never hear that anymore....
Everything is upside down in the entire world.
“I clicked my ticker link expecting to see a huge plunge, but the Dow shot up over 150 pts, and is still going. WTF?”
And the 10 year Treasury Yields actually dived as well. Nothing is normal. It is all Smoke and Mirrors.
Oh, the plunge is there. It’s pretty funny too. Statement came out at 1 and traders started reading it. They hit the taper part “They’re tapering - SELL”, and the Dow plunged 100 points in no time.
They keep reading, knowing in their hearts all the rest is drivel unti they hit the part about walking back the 6.5% unemployment target. “Holy **** - BUY!!!”
And the Dow rockets up 250 points.
That's because it's now "their" Wall $treet.
Exactly.
The Messiah is great for all. /s
Sort of like when they read out the SCOTUS tax decision on Obastardcare.
When in trouble, when in doubt,
Run in circles, scream and shout.
And it’s only Wednesday.
It's been that way for almost five years, now.
Wow, a whole ten billion. Wow. I’m impressed. /drippy-drippy-sarcasm
Do they taper based on the lies of the Bureau of Lies, eh I mean Labor in regards to unemployment? This should prove interesting when the expansion of QE47 begins again in 2014 and the Fed is blamed on an “unexpected” recession next year instead of obamacare.
...those that created the financial crisis in the first place...by their actions in concert with FED policies...are the ones who have benefited the most....
That'll teach'em!...
...Thanks Ben!
(time to build that new addition...on my cardboard box)
I am dreaming; along w/ USA and apparently the whole earth.
Now I understand why USG _rammed_ a continued deficit budget into “law”.
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