I was surprised by the move the Fed took , being on the short side and all. Yesterday was the best market up days we've seen in 5 years. From my understanding, banks can trade in their mortgage backed securities that are mysteriously valued in exchange for treasuries. Will this be a good long term solution? Who knows but it's sure better than devaluing our dollar via rate cuts. Can we rally higher ? Very quite possible. But are we still in a bear market, you bet ya.
I didn't get a chance to take off some SKF so I'll continue to hold it. My main target is to find a sweet exit point for MSFT.
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