Ray

FOMC implications:

http://www.cnbc.com/id/29759709?__source=CNBC|newsnow|know1|2009|

The Federal Reserve’s decision to finally enter the long-end of the Treasury market was taken as a mostly positive sign by the markets but in doing so the central bank is probably making something of a bad statement on the health of the economy.

On the face of the things, the move to buy up to $300 billion in longer-term Treasurys over the next six months—which will encourage lending by lowering interest rates—turns Fed talk into action. It has been jawboning the market about making such a move for about six months.

The FOMC’s announcement Wednesday sparked an immediate rally in Treasurys, pushing down yields across the board, as investors flocked to the safe trade.

“You want to continue to buy what the government will buy,” Pimco’s Bill Gross told CNBC

Thanks

If I understand you right ,if the S&P500 can climb above 805 , then 850 becomes a new target ?

If we break 805 on daily close or intra-day ?