The current fed chief has a nick name "helicopter ben"...Today it arrived just in time to bail the crooks out.
I don't think we are completely out of the wood yet even with the Fed's sudden move. Wall Street is now priced in 100% chance of Sept 18 for a 25 basis point cut of the benchmark fed fund rate.
Enjoy the good times while it lasts...I got so much cash, have to buy some bargins at this level.
Case in point: CT is up 7+% today and has a yield of 10%. Along with USB and BAC, they are too good a bargin to pass up.
