Stocks vomit up a 2+% gain .... So here comes Yellen with a reversal of the reversal of her reversal on deposit insurance. Works every time ... stocks green again. --- *YELLEN: PREPARED FOR ADDITIONAL DEPOSIT ACTIONS `IF WARRANTED' *YELLEN SAYS STRONG ACTIONS TAKEN TO ENSURE DEPOSITS ARE SAFE *YELLEN: IMPORTANT ANTI-CONTAGION TOOLS MAY BE APPLIED AGAIN
In the last three says Yellen's position on an increase of deposit insurance has been. Yes No Yes Check back tomorrow for a new position.
@biancoresearch There was a maybe or two in there as well.
@biancoresearch What's really funny is none of it is bullish but the market reacted as if it were
@biancoresearch can @dampedspring put together a chart like he does for Fed rate policy, except this time for Yellen deposit insurance yes/no and this time with intraday SPX?
@biancoresearch @McClellanOsc How much can see even approve if anything without Congressional approval.
@biancoresearch this is what happens when the stock market turns into a cassino and institutions are morally bankrupt