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Direxion Daily Financial Bear 3X ETF Message Board

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  • chkpfbeliever chkpfbeliever Sep 2, 2011 1:57 PM Flag

    Feds will step in...

    I agree. A few hundred points will not shake the Fed's determination of letting Congress fix the mess. The tools are getting less powerful. Even if they announce another sudden repurchase of short term securities, interest rates go lower but then what will it do to housing and the job market ? Nothing if people have no money.

    To create jobs, you need help from big companies and giving a tax free holiday for repatriating overseas funds and another 5-year tax inventives for job creations and capital investment. These won't add to our deficit as we're letting the private sector do the stimulation.

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