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WOW! The last half hour of the SP 500 was better than a E ticket ride at Disney Land...The SP went from apx 3015 to 2978.49 as FEAR WON THE DAY.. There was a see saw battle at 3009 for a few moments as sentiments swayed back and forth...but as stated FEAR WON. Nobody wanted to go long overnight


"The Corona Virus is just the match that lit the fire. Since September of 2019 when the FED started hitting the REPO window adding liquidity on a daily basis there has been fear on the street. Everybody knows that if the FED had to start juicing again it did not bode well, especially after all the kings horses and kings men have tried everything that they can conceive of to get the economy healthy again. That is why the FED is loath to call it QE4."...Some Observer 2/27/20

The pressure is now on the FED to make a move. Lower interest rates, make soothing comments, they are already at the window providing liquidity..So the question become what if the FED move DOES NOT CALM THE WATERS and the FEAR persists?