According to CNBC, the Wall Street Journal is reporting (at 8:55 p.m. EST) that the Fed will accept equities and other securities as collateral to "calm financial markets." On the back of this report, S&P futures have bounced off their overnight lows.
Although I avoid making market recommendations at Financial Armageddon, I will offer one insight. If, by chance, equity traders show their usual lack of intelligence and analytic capabilities and try to hold the market up on the back of this news, then investors might want to keep the following saying in mind: "When the ducks are quacking, feed them."









So when do you think we should get out of the U.S. dollar?
Posted by: Fu | September 14, 2008 at 10:08 PM
p.s. I feel like I'm navigating a minefield. As a U.S. citizen, how do I protect my assets from the government? It's disgusting that I have to spend so much time and worry on this issue.
Posted by: Fu | September 14, 2008 at 10:11 PM
What on earth does that mean?
Posted by: Shoshona | September 14, 2008 at 10:58 PM
i.e., If ducks quack feed them??? I'm lost.
Posted by: Shoshona | September 14, 2008 at 10:58 PM
If the equity bulls are buying in the face of tonight's events, then sell to them.
LOL.
Keep an eye on AIG and MS aka Fatman and LittleBoy.
Posted by: Jesse | September 14, 2008 at 11:27 PM
When to get out of the US dollar?
In November of 2005, but last week works as well if you are a short term trader. The funds set a record long position on forced buying, driving the dollar index up to test the support level around 80.40 that had lasted for thirty years, and which is now overhead resistance.
But "out" implies "in" to something else.
Posted by: Jesse | September 14, 2008 at 11:32 PM
It means that if they're trying to prop up a building that is falling down, get out of the building. Better yet, short the building.
Posted by: Steve | September 15, 2008 at 01:15 PM
Dear friend,
Realy it is very useful post , Accept my sincere thanks and appreciation
John Bill
--------------
http://www.dirking.net
Jobs , companies , real estate , engineers , petroleum company
Posted by: John Bill | September 22, 2008 at 04:51 PM