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A tough week for the US stock markets in which, the Dow fell -3%, the S&P 500 -2.8, the Nasdaq Composite -2.6, and the Russell 2000 -3.8%. In spite of the market falls, OPNewsletter portfolio grew 7.8% for the week and we have nearly 80% free cash (of the initial investments).
Year to date, the Dow [...]
So the Fed has accepted the seriousness of liquidity pressures saying it will initiate a series of term repurchase transactions that are expected to cumulate to $100 billion. The Fed has already provided $160 billion in short-term loans since mid-December in six auctions. Stock futures jumped as soon as news broke, then just moments after [...]
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