The "Bad Bank" news finally broke, market reached its high. People were not expecting the big bad stimulus, but rather the bank rescue plan. Although the market pushed to its high at the final hour, but trading from previous day suggested that the market had reached its highs. Also there is no reason to go any higher.Also Fed suggest to buy treasury if needed, it meant war against anyone that will be shorting treasuries. But that is clear sign for the treasury holder that there is a problem.
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