Not related to that.
It's this:

WASHINGTON (AP) -- The Federal Reserve will use more than $400 billion to try to drive down long-term interest rates, make home loans cheaper and invigorate the economy.
The Fed announced Wednesday that it will do so by adjusting the makeup of its existing holdings. It will sell $400 billion of its shorter-term Treasurys to buy longer-term Treasurys. And it will reinvest principal payments from its mortgage-backed securities, to help keep mortgage rates at super-low levels.
Fed policymakers announced the moves after a two-day meeting. Three members dissented from the decision.
"The actions the Fed has taken are helpful," says Josh Feinman, global chief economist at DB Advisors. "They will help hold down long-term rates, but they're no panacea."
Stocks fell immediately after the announcement. The Dow Jones industrial average dropped more than 125 points. The yield on the 10-year Treasury note tumbled, and its price rose.
The Fed's move to rebalance its $2.87 trillion portfolio could lower Treasury yields further. Ultimately, it might reduce rates on mortgages and other consumer and business loans.
With its mortgage-backed securities, the Fed had previously reinvested principal payments into Treasury purchases.
In its statement, the Fed noted that the economy is growing slowly, unemployment is high and housing remains in a prolonged slump.
As a result, the Fed has directed the New York Fed to purchase Treasurys with remaining maturities of six to 30 years, and to sell an equal amount of securities with maturities of three years or less.
Many analysts have said the shift in the Fed's portfolio could provide modest help by reducing borrowing costs and perhaps raising stock prices. Others say it won't help and warn that the move could escalate inflation.
In June, the Fed completed a $600 billion bond-buying program that may have helped keep rates low.

http://beta.finance.yahoo.com/news/fed-shi...BHRlc3QD;_ylv=3



This post has been edited by yok70: Sep 22 2011, 03:36 AM

QE1 and QE2, US got print money and buy right? Now this (QE3?), it said it's actually switching from short term Treasurys into long term Treasurys. Does it mean this round, there will be no money printing?

Fully agreed. It's just politicians who kill the market. As simple as that, otherwise, we'd have already on recovering path following last year's path.

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Added on September 22, 2011, 5:23 pmThanks!!! This scary table actually releases my stress now.

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Added on September 22, 2011, 5:24 pmyeah lah! this danielc156 keeps giving wrong information, even after many forumers corrected his mistake. Really...

This post has been edited by yok70: Sep 22 2011, 05:24 PM

yesterday my profile gained 4%, today it dropped 6%.
how i feel? well....i'm dead. as simple as that. when it reached 12xx, i will be drinking longkang water to survive, bread also can't afford.

This post has been edited by yok70: Sep 22 2011, 05:29 PM

i agree with your advice of "it's now too late to cut loss".
so i guess all i can do now is to save more additional capital and take out my shopping cart waiting at 1300 or below.

when below 1200, what would you do then?

Seriously, I don't understand why investors don't like Fed's strategy.
1. Everyone scares of inflation, so no QE. Isn't that good?
2. QE is to lower US debt interest rate+lower USD value to increase market competitiveness. Now, Fed is just doing that without too aggressively lower USD value, so that inflation won't kick in too fierce. Isn't that good?
3. Economy has to cure itself slowly. Now, Fed is just doing that. Isn't that good?
4. Job creation policy should be from Obama, not Fed. So why bother on this topic after Fed meeting?

Investors' mind are now just so contradicting. Do they really know what they want? Actually, what do they want?


This post has been edited by yok70: Sep 23 2011, 05:09 AM

i so wanna buy something or sell something.
but why i just staring at the screen, calculating dunno what on short listed counters, and fingers just can't hit the button.
am i a shopaholic?

then buy coconut. because we are soon move downwards and become monkey again.

if cherroy become director in catcha, then i sai lang into catcha.

-3%.

you are 1000 times better me!
i have been in deep red since july (or early august). now already

drop 50 sen or even 1 ringgit, not important at all.
we look at the percentage, not sens.

I'm only able to cut down to 13 stocks, only 1 is reit which occupied 10% of my total profile. I acted too slow, and now watching their value drops day after day.
Good for you, 5 reits, should be very defensive so far. Can sleep well every night.

same here. now i see my profile value dropped gao gao.....and everyone thought it's NOT OVER YET still.

sold all. keep more cash for opportunities.

i cut it about a week before you. still very painful.

you are now 50% cash right? good for you!
me 15% in cash, mati jor.

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Added on September 25, 2011, 5:59 pm99% investors has been bearish for....2 months? let it stay for another....3 months? that saying, should in market jan 2012.

This post has been edited by yok70: Sep 25 2011, 05:59 PM

（华盛顿24日讯）美国联邦参议院23日下午投票否决众议院稍早通过的联邦政府资助法案，让联邦政府 继续面临关门危机，而灾害救助金也不知何时才能发到民众手中。

http://www.nanyang.com.my/node/385151?tid=462

Now US goven close shop fear raise again.