D-Fence!
That's what we have to play again after today's Fed response, understanding, and involvement - or should I say total lack thereof - of this worsening economic scenario at this juncture.
The charts (of the indices and financials) again tell you what is really going on out there, not the accompanying convoluted Fed speak to the nominal cuts today.
Volatility will now rise (for months) as more uncertainty surrounds many aspects of our economy and different markets. And even after they (the Bernanke Fed) are likely going to be forced to act with emergency operations and meetings in the future, these types of operations have the potential to lurch different markets around some more. So be it. You can still make a lot of money.
I and many people have learned our lesson of how this chairman runs things and better understand his transparency and so we set up to profit from it starting today at 2:17. It's time for more underlying D-Fence.
One good thing, this reduces the odds to draw this widening all-things-related-subprime crisis out additional years and thereby spread out and make the pain more manageable. If you are ready for it, there will be some various tremendous buying opportunities coming along. Sometimes "purging" is a better way to quickly deal with any type of pain.
GL & GT.