The Last Post Was the Correct Post

"looking at bonds, yields, bond funds, do not be surprised to hear the Fed the words Quantitative Easing, but not through the printing press, rather through buying bonds."


The policy statement made obvious that they will re-invest funds from mortgage backed securities into long term bonds.


Now, watch the volatility, it will be crazy today and we should see the market's true feelings about this within a few days. As I said, typically the initial reaction, is the incorrect action.


I'll be watching every tick.