FED keeps floodgates open …
As the bounce keeps going …
FED prolongs its “flooding” of the market with liquidity until Jan. 31st, 2009
So, we have Govt. guaranteed banks for 6 more months … at least.
After Merill Lynch threw in the towel by selling their “toxic waste” … who is next … and what will be the next focus for the financials?
My guess … the recession and the typical prime mortgages …
But at the moment … keep bouncing and enjoy 
Even a POSITIVE surprise for the non farm payrolls on Friday could be in the cards …
Why???
After such a streak of the non farm payrolls lagging heavily the ADP numbers … what about the statistics “hitting back”?
Stay tuned 
Tags: BOUNCE, FED, financials, manipulation, Merill Lynch, payrolls
