Fed chairman Ben Bernanke saves the bulls with a $200 billion liquidity pump to bail out weak financial institutions. By allowing them to use bad loans as collateral, one wonders what happens at the end of 28 days. It is a bit over my head.
What next? That is always the most relevant question. Schaeffer's (link) reports that Fed Fund futures are factoring in a 75 basis point rate cut at the Fed meeting next week. 75!? Wow.
Long IWM
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