Secondly, the FOMC Rate Decision is that the financial sector has been improving, but the overall picture in a Macroeconomic sense has been steadily declining. The rates didn't change, staying at .25. Longer Term treasury securities are being prepared to be purchased by the treasury department, and there was only one vote that voted against this. The Fed is willing to do anything to push this market higher, stimulate our economy, and attempt to bring us out of this slump, emphasizing their target problems as Mortgage and Credit issues.
That's what I got out of it through the CNBC live report from the Treasury Department. If you'd like to listen to the talking heads that are on CNBC now, go right ahead. For now, I'm going back to my monitors, watching my once positions get cut down at the knees for asinine reasons. A minor knife down means nothing; the energy sector will be up until Friday.
Position Update:
- ERX @ $38.69
- FCX @ $25.94
- DRYS @ $12.20
- BHI @ $32.00
- SII @ $25.02
- Cash - 25%
Keep Tradin'
ZM






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