DrStool Posted March 6, 2020 Author Report Share Posted March 6, 2020 Now, I think if they can't hold 2930, the bottom will drop out. Link to comment Share on other sites More sharing options...
DrStool Posted March 6, 2020 Author Report Share Posted March 6, 2020 The Fed will announce another emergency rate cut on Monday. Probably 0.25-0.5 FF target. Or zero. It's a tossup. Link to comment Share on other sites More sharing options...
DrStool Posted March 6, 2020 Author Report Share Posted March 6, 2020 It has not choice. The 13 week bill is already there. Link to comment Share on other sites More sharing options...
Jorma Posted March 6, 2020 Report Share Posted March 6, 2020 20 minutes ago, DrStool said: The Fed will announce another emergency rate cut on Monday. Probably 0.25-0.5 FF target. Or zero. It's a tossup. Doesn't mean a thing if they aren't printing money to buy paper. A handful of voices are now calling for "fiscal" stimulus, with LIesman at Crapvision calling for a trillion. That would add to the supply so the Fed would have something to buy. However anything over a nominal amount, like the $8bn for the virus, would take months to pass and more months to spend. I'm sure they would just love to buy stocks but the law, if that makes any difference, says they can't or so I hear. While the financial market mechanisms were perfected for normal times they are nearing uselessness in these times. Just in Boston Fed guy says Fed needs to be allowed to buy more type of assets. Ding ding. Link to comment Share on other sites More sharing options...
DrStool Posted March 6, 2020 Author Report Share Posted March 6, 2020 They can buy stocks under "exigent circumstances" Link to comment Share on other sites More sharing options...
DrStool Posted March 6, 2020 Author Report Share Posted March 6, 2020 26 minutes ago, DrStool said: Now, I think if they can't hold 2930, the bottom will drop out. Stopped on the dime. Link to comment Share on other sites More sharing options...
Jimi Posted March 6, 2020 Report Share Posted March 6, 2020 Slippery dime. Link to comment Share on other sites More sharing options...
DrStool Posted March 6, 2020 Author Report Share Posted March 6, 2020 It's like my 50th year high school reunion around here. Link to comment Share on other sites More sharing options...
DrStool Posted March 6, 2020 Author Report Share Posted March 6, 2020 Chart froze and won't reload. Link to comment Share on other sites More sharing options...
DrStool Posted March 6, 2020 Author Report Share Posted March 6, 2020 All hell is breaking loose. Link to comment Share on other sites More sharing options...
DrStool Posted March 6, 2020 Author Report Share Posted March 6, 2020 Nah. It's holding. Link to comment Share on other sites More sharing options...
Jorma Posted March 6, 2020 Report Share Posted March 6, 2020 I'd think people and institutions would stop selling if for no other reason than there isn't anything better to buy. Link to comment Share on other sites More sharing options...
GregFokker Posted March 6, 2020 Report Share Posted March 6, 2020 *was* holding Link to comment Share on other sites More sharing options...
potatohead Posted March 6, 2020 Report Share Posted March 6, 2020 FRA OIS just printed +6bps to 48bps... Smashing through its Sep 2019 Repo Crisis High......Someone is puking and needing cash. Link to comment Share on other sites More sharing options...
Jimi Posted March 6, 2020 Report Share Posted March 6, 2020 Link to comment Share on other sites More sharing options...
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