on October 10th 2008 BPSPX reached its all-time low of 1.6. It is currently at 1.6. The magnitude this time is way bigger, dropping to this value from 12, while then it dropped from 3.6.
ocassional observer wrote:on October 10th 2008 BPSPX reached its all-time low of 1.6. It is currently at 1.6. The magnitude this time is way bigger, dropping to this value from 12, while then it dropped from 3.6.
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Al_Dente wrote:Liesman, the Fed whisperer: breaking news.....
Obviously, he was not referring to the bounce. Did he say when they would start buying ?
announcing a total of $1 trillion in 3-month repos over two days ($500BN today, $500BN tomorrow), as well as an additional $500BN in one-month repos offered weekly
Al_Dente wrote:Liesman, the Fed whisperer: breaking news
Fed to buy $500bln treasurys
and another $500bln
Liesman: “this is massive, massive”
[add: sorry, i just saw that Heck already said this]