SPDR S&P 500 (SPY): Well, remember my post re. "suspended an...

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Wednesday, 10/07/2009 11:54:02 AM

Wednesday, October 07, 2009 11:54:02 AM

Well, remember my post re. "suspended animation"? I still think the Qs will drop today (bought QID yesterday at 23.06). But Ty Durden at ZeroHedge isn't so sure the indexes will drop today? Two

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It has been a while since Bernanke took matters into his own hands, which is why at 11am the Fed completed a $1.3 billion buyback of 2021 thru 2024 maturities. Ironically that's exactly the time when the market took a leisurely stroll into green territory, and hopefully should make today's auction of $20 billion in 10 Year Notes just a tad more palatable

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