Oh my goodness...what a morning on Wall Street and you haven't even woken up yet.
Oil was at $109 per barrel in the 8:00 AM EST hour. Gold was up $14 to $985 and rising...the Fed stepped in the create "term securities lending facility to increase liquidity.
This measure will most certainly replace any upcoming Fed Funds rate cut at the next meeting. The price of gold immediately dropped and DOW Futures just skyrocketed (I mean skyrocketed( 230 points. (Pre-opening bell indicator.)
This measure was taken by the Fed to help get all those muni bonds that aren't selling, selling. Anyway...I haven't had any coffee yet today...so here's the LA Daily Blog "Wall Street News Wire" to help explain it all.
BOTTOM LINE: Even Tommy from that Who movie can see that today is gonna be a day we haven't seen in quite some time. Hope you capitalize on it! Hopefully, this alert will help you jump in on time!
HOLY SCHIKIES ARE BEARS SCREWED! It's gonna be money showering down on Wall Street.
CNBC story
Subscribe To Zuma Dogg
Posts
Comments