This is a gift. You can now buy DXD (Insurance) at $2 lower!
All the Fed did today was keep the 20 largest banks in business. It will help but providing liquidity to these guys doesn't mean they are going to pass it along to anyone else. We are in a recession. The economy is not growing. Jobs are not being created. Shorts covered today so that just means they don't want to be short not that people are willing to buy. In fact, all we need is one negative headline and down 200pts we go.
I am a buyer of DXD here and have an order in after hours.
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