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Yo. Happy Friday People. All summer we have been preaching that markets have paid no attention to fundamentals. We've been relentlessly relaying that ITS A TRADERS WORLD...technical trading strategies dominate...range bound...waiting for guidance...wait and see....day traders paradise. These are...
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Good Morning All. Wake Up West Coast! The Fed didnt offer up much new guidance yesterday. Actually I dont want to say they totally crapped the bed.... they did draw out the end of the TSY purchase program....which turned out to be a net plus for MBS. Overall it was a STATUS QUO statement though. Unfortunately...