Emini FuturesCast / The Daily Pod 07/08/11
The jobs numbers today were quite shocking. Interestingly enough the market actually behaved the way one would expect on bad news. That in and of itself is unusual since we began this whole stimulus business. What changed? It's more I think about what's about to change -
NEW YORK (Reuters) – The Federal Reserve’s $600 billion Treasury buying spree is over and the bond market is growing nervous now that its biggest bidder has stepped aside.
Does anyone even understand what a billion really is? Try this, 1 billion seconds from now it will be 9:43PM PDT in the year 2043. (roughly) 1 mississippi, 2 mississippi, 3 mississippi, ...