The stock market

[movetheboat]

I could get a nice boat with that EL stock....send me a picture Daddy

 

[CELLFISH]

made a nice deposit today, yes... cellie...

CHA CHING... ???

.

 

[movetheboat]

if this follows thru monday I'll eat my hat

 

[Roccus7]

if this follows thru monday I'll eat my hat

Is that a fishing hat w/lures and hooks on it?? Did you upgrade to circle hooks?

Regrettably, I'm thinking you'll be safe. I'm guessing that 1/2 the bounce will go away on Monday.

Anyone do any profit taking today???

 

[CELLFISH]

start wit da feather Zoltar... cellie...

.

 

[Roccus7]

OK Zoltar, what about 45's threat to replace the Fed Chairman. Will that provide some Double Black Diamond skiing on the indexes tomorrow?

 

[CELLFISH]

Yea Zoltar, what up... cellie...

 

[JackPrintMD]

Closed

 

[cany]

Closed

Its Sunday

 

[wader]

it should stay closed for the next 14 days

 

[dsedy]

With Wall Street desperate for the Fed to announce emergency measures on Sunday (after disappointing last week), and ideally before the futures open, Jerome Powell did not disappoint and moments ago the Fed announced a barrage of emergency measures which included:
Welcome back ZIRP: Fed cuts rates by 100bps to 0-25bps from 1.00 -1.25bps.
Fed officially launches QE5 (no more "Non-QE" bullshit), consisting of "at least" $500BN in Treasury purchases and $200 billion in MBS.
Boosting intraday liquidity: The Fed announces Measures related to the discount window, intraday credit, bank capital and liquidity buffers, reserve requirements, and—in coordination with other central banks—the U.S. dollar liquidity swap line arrangements
Reserve requirements cut to zero: The Fed cuts reserve requirement ratios to zero percent effective on March 26.
Coordinated swap lines: The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. The pricing on the dollar liquidity swap arrangements is cut by 25 basis points, so the new rate will be the US dollar overnight index swap (OIS) rate plus 25 basis points.
Amusingly, the Fed announces that the emergency action wasn't unilateral, with Loretta J. Mester voting against the action, as she was "fully supportive of all of the actions taken to promote the smooth functioning of markets and the flow of credit to households and businesses but preferred to reduce the target range for the federal funds rate to 1/2 to 3/4 percent at this meeting."

 

[dsedy]

100 BP Cut.

 

[movetheboat]

100 BP Cut.

just saw that...either party on for the market or it scares the chit outta it.....

 

[movetheboat]

anyone have a guess where mortgage rates will fall for high credit scores...gonna tell the kids to refinance...

 

[dsedy]

1.5% on a 30 year give or take fixed depending on LTV for a refi

 

[movetheboat]

1.5% on a 30 year give or take fixed depending on LTV for a refi

wow....Last week before this cut they weren't even returning calls to refinance so they are so swamped

 

[dsedy]

anyone have a guess where mortgage rates will fall for high credit scores...gonna tell the kids to refinance...

Dow Indicated 1,000 Lower Ahead Of Futures Open

even if futs open about 4% lower, where they go from there will depend on the Fed. If, as BofA expects, the Fed announced a Commercial Paper facility, watch out above, as futures soar limit up as the dollar funding crisis is set aside for the time being. On the other hand, if the Fed does nothing and disappoints "whisper" expectations of a late Sunday intervention, then all bets are off.

 

[cany]

anyone have a guess where mortgage rates will fall for high credit scores...gonna tell the kids to refinance...

Dont care dont have one

 

[movetheboat]

you can take out an 800 equity loan for the tool add on

 

[movetheboat]

S+P FUTURES DOWN 100 markets not impressed