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Originally Posted by ilduclo
1.5 trillion in repo $ to the market.....initial response? +2.5%...I recall someone saying, at one time “WEAK!!”.... oh, dang, looks like that was just a dead cat bounce, providing one last opportunity for managers to GTFO....response now is +1.5%, which doesn’t even show as noise on the 1 month DJIA chart.
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The bounce of a dead cat depends on the bottom, which the market is trying to find today. The FED moving interest rates to ZERO was important for a mood shift and has allowed investors to start thinking about buying. The damage has been done for this cycle, now we wait to see signs of positive ripples and improvement that might not start tending up until late June.