The market traded down in the morning until the Fed triggered massive buying binge designed to paint the market in a positive outlook after the released of the FOMC minutes.
With the Fed desperate to prevent deflationary collapse look for the Fed liquidity injection to continue, then if that does not help catapult the market higher in a big way, look for the Fed to announce QE4.
More easing is positive for the precious metals, crude oil and stocks and negative for the USD and US Treasury bond. Over-easing by the Fed however, could precipitate uncontrollable USD and US treasury bond collapse.
