im sceptical about the americans and i have the feeling the fed reserve will take action and possible lower rates or even support the financial/mortgage sector in order to provide market confidence.
I think this is coming soon and hence the massive support for financials in the states overnight. If im right the big boys got into financials overnight knowing that news or a statement from the federal reserve is forthcoming.
The big boys always get the tip first. Ex goldman, Merrill and JP morgan
Look for bounce.
fed reserve will put out a statement
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