They can not create jobs.They bailed out all the TBTF insolvent banks (who are leveraged 1:100)by buying mortagage bonds woth 0.10c on the $ at full price.(You know how they repaid Tarp and gave themselves billions in Bonus now) Fedis going to push the mortgage rate low so that people can stay in houses a bit longer,sensible people can refinance and reduce their monthly outgo and spend to stimulate the economy.
Enclosed Renko charts -aim Triple top /higher in TLT long bond bund and 20 day intraday chart. Iam as bearish as all of you but I trade what I see! I had OCT 103 calls from yesterday which I sold too soon today and bought OCT 105 puts (now under water.) TLT trades weekly options too.If it continues tomorrow,might sell 106/107 OCT 1st (friday expiry).Daily Gap/Gap down in TLT.