Maybe a crisis averted?
It's not at all surprising if that were true. We've all seen how he's injected liquidity whenever there's a scare. LTCM, Argentina, the Y2k problem, etc etc.
However, I wouldn't be so sure it was 'averted'. They're probably still trying to work through it.
ST: hibernating till Sept
IT: hibernating till Sept
LT: Bearish
It's over, yhoo said so.