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Stock Market Prediction (Bottom and Year End)

#14
(This post was last modified: 03-12-2020, 05:35 PM by HURRICANE!!!.)

$1.5 TRILLION STIMULUS -- NICE

https://www.cnn.com/2020/03/12/investing...index.html

New York (CNN Business)The New York Federal Reserve is taking out the big guns to calm panicky financial markets.


The NY Fed announced plans Thursday to inject vast amounts of money into the financial system, totaling at least $1.5 trillion. And the Fed promised to start purchasing a range of Treasuries -- a step that effectively marks a return to the 2008 crisis-era bond buying program known as quantitative easing, or QE.

The Fed said the dramatic moves will address "highly unusual disruptions" in the Treasury market linked to the coronavirus outbreak. This accelerates weeklong efforts by the NY Fed aimed at easing fears that companies will lose access to capital or that markets will become unhinged.

"The Fed is all in. They've fired their nuclear weapon. and they did it because financial markets are seizing up," said James Bianco, president of Bianco Research. "There is no liquidity in the markets. They are trying to unstick them."
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RE: Stock Market Prediction (Bottom and Year End) - by HURRICANE!!! - 03-12-2020, 05:24 PM



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