Fed Buying Treasuries! Stocks Soar, Dollar Tanks

The FED should have raised rates a minimum of 500 basis points. I'm going to start wiping my ass with $20's instead of $1's.

Dollar Tanks! - See, now those AIG bone-uses aren't worth as much. And who says they didn't have a plan.

ythe dollar sold for a penny today

Sounds like more Ex-lax for the credit market. Might work this time.

So when the FED uses printed money to buy Gov't bonds that won't ever be repaid, how will that help people buy stuff with money they don't have because they don't have a job? Does this mean now that even the Chinese won't buy our bonds so we have to use fake money to buy them? This is going nowhere fast. And people think we've had a bottom in the market.

If you think the stock market can continue to soar, with businesses and the worker in the poor shape they are.....I have a bridge, I mean a house to sell ya.

Im glad i bought Gold this morning instead of putting it off. I am selling tomorrow. BOOYA

Next week - expect the bottom to fall out! The Dow has now lost any relationship with the actual business - and is now primarily dependant on government manipulation - and we know the gov't cannot run anything with business like efficiency. It is (the Dow) all artificial now and not market driven anymore.

...and where are they getting this $300B? Rev up the printing presses even more. Boy, I wish I could just print my own money too. Bernanke is an idiot.

The US Fed obviously doesn't know what they are doing.

Dang.. I need a good exchange rate in the country I live in... bananas and rice are already expensive....

...and where are they getting this $300B? Rev up the printing presses even more. Boy, I wish I could just print my own money too. Bernanke is an idiot.

Now lets see if I understand this The FED is buying FED Debt Wish I could do that and With what ? Inflation/Stagflation. here we come Duck and cover or Put your head between your legs and kiss your ass goodbye

Gold rally on the way... get ready

We are buying our own Debt because no one else will. The raise in the stoct market is "Netural" at best when you consider the change (lower) value of the dollar. This is a net change in the market of zero and will make it harder to sell our bonds. This is inventive but so was giving AIG Billions to give to other countries banks.... This is far from over... One other aspect of this is that just ONE person or small group of unelected officals did this and Congress does not even have the right to open the books of the FED. Reserve. I say dont get to excited about any turn around yet.

Hoax. Anything to keep the market up. Government hiding the real numbers. Just wait till the end of the month and makets will dive. Fake money is not the answer. If the politicians are willing to lie to us about anything, why should we expect honesty? corruption at every level. Maim street is the bottom rung to these crooks. JAIL for ALL

The FED is horribly paniced, obvious by their stumbling action today, trying to solve the problem of the easy credit problem of the last decade by providing easy credit again! Is their no wisdom in the FED or DC? Do we need to hire Chinese MBA's from Beijing University to figure out a sensible course of action? American politicians jerk reactions are doing nothing to improve things. Learn to accept your medicine instead of being pathetically stupid!

To the democrat who considers republican scum, The market has rallied on FALSE HOPES. If the democratic pea-brain realized the market is only propped up temporarily, he would realize maybe what the real issues are not borrowing money to pay off money you borrowed...another big duh for this administration is giving bailouts to AIG who will then bailout cronies of Geithner. An American.

You have to wonder why Treasuries would rally on news like this! After all, if there were enough foreign investors buying Treasuries, there would be no need for the FED to do so. So by this action we are being told, noboby really wants to buy our debt anymore! So we buy our own debt, with imaginary money! Isn't it apparent this is bizarro world financing! Sort of like letting someone by a $500K home with no job, no hope of job, no desire to work, etc, etc... I agree with another post, this surely is a signal of the beginning of the end of the US market, US dollar, US economy. Sad in a way, b/c if they we're so stupid this whole thing needent have collapsed.

Great news for day traders.. keep hope alive... thanks to all