ASX 1.04% $61.37 asx limited

fed reserve will put out a statement

  1. 6,118 Posts.
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    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.
 
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