1.0 down = 2.334 or another 4%
1.618 = 1.3109 or near the 2008 low of 1.255
See Mark's post about the Fed and liquidity.
Things could get interesting.
/HG
Started by
jmicou
, Jan 14 2015 12:50 PM
1 reply to this topic
#2
jmicou
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- Traders-Talk User
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Posted 14 January 2015 - 01:05 PM
1.0 down = 2.334 or another 4%
1.618 = 1.3109 or near the 2008 low of 1.255
See Mark's post about the Fed and liquidity.
Things could get interesting.
Cut n paste:
"I have had a theory that the Fed has all along been using the stock market to sop up excess liquidity (diverting from inflationary commodity speculation), and when the economy is firm enough, rather than raiding rates (which would hurt the economy), they would then take the market down, sending a lot of that excess liquidity to money heaven without killing the economy.
If I'm right, the situation is ripe as there are hardly any Bears.
Mark"
