re: #338 mamashawna

OT: Don’t know if anyone posted this yet, but the markets just went crazy with the announcement by the fed. Hubby and I just sat and watched the markets go crazy on his computer (he trades commodities) he couldn’t believe the move and thought something was wrong, until I read the screen on CNBC that said ‘Fed to buy another 700 Billion in Mortgage backed securities’…I turned around and said ‘there you go…buying bonds, gotta print $$$, I bet gold is headed back up too….sure enough it was (has been down all morning, and is now up), inflation here we come. All this happened in the space of five minutes. The bond futures June contract just jumped $6k!

I wondered why the market was going nuts all of a sudden. I’m glad I stayed in a few more days.