Wednesday, September 21, 2011

Operation Twist

Well nobody liked the Fed's move.  S&P lost 40 points and is dropping more overnight, Oil dropped 2 dollars.  Hopefully everybody waited to refinance their mortgages as the 10 year and with that mortgage rates just keep falling.

And across the pond. Greek Bonds were still up and so were Italian Bonds.  Not looking like anythings fixed over there.  Markets still pricing in Greek default of some type.

So all and all market looking like it going to keep going down.  Nasdaq hasn't been dropping like the Dow and S&P I'd expect that that change soon.  S&P August low of 1120 range is looking like a next stop.

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