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I got lucky here too, right now there are Tornado Warnings south of us headed SE so all of that will miss us. Sometimes you just are in the right place. Happy to hear you folks are OK.We got very lucky late yesterday afternoon. The system of twisters that began in Indiana and worked it's way through northern Kentucky and Ohio barely missed us. We were on the northern edge of the system and while we got rain/wind/lightening, we were spared the bad stuff ... but only 10-20 miles away. Tough watching the news last night and this morning, seeing places we recognize being so damaged. Thankfully, things like this usually don't happen very often in a specific location, but when they do, it's devastating. Thankfully, the weather experts were on top of this and we knew 24-48 hours prior that the stage would be ripe for very intense storms. People were on the alert and a number of businesses let people out early in anticipation of what was coming. I have no doubt that this saved some lives, but my heart breaks for those who lost loved ones.
Helps keep life in perspective.
Stay safe and hug your loved ones today.
The Plunge Protection Team is a name coined by a Washington Post headline writer after President Reagan set up a “working group” between the government and the Fed to make recommendations on how to maintain integrity in the markets after the 1987 stock market crash.
Conspiracy theorists and Robert Ludlum fans have always charged it with everything from illegally propping up markets to running the financial world from some shadowy, Washington bunker deep beneath Capitol Hill. Others deny it still even exists. The Fed and government never comment, seeming to enjoy the mystery of it all.
I’m not much of a fan of this theory, if only for the reason that I can’t believe any group of government and central bank officials could possibly be smart enough to mastermind strategies to control the markets. If this group did exist, it would more likely to bet the farm on Enron and Lehman Brothers and be plotting right now how to load up on Facebook when it goes public.
But there’s no doubt that after three of years of wrenching financial crisis and the near loss of the entire system, Fed Chief Ben Bernanke and Treasury Secretary Timothy Geithner are more sensitive to market moves than ever. So at some point in the cycle, the myth becomes reality
March 12, 2012, 8:30 a.m. EDT
No hint of exit from Fed this week
By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) — The Federal Reserve will have a quiet meeting Tuesday, intent on making sure that they don’t make any noise about exiting from their easing policy stance, economists say on the eve of the meeting.
No hint of exit from Fed this week - The Fed - MarketWatch
Yep, and you Helicopter Ben likes to drop Bombs on occasion.No news from the FED's should be good news for the market. We don't need someone to say something stupid.
Thank you Mr. Market (Burntankle), +1.52% not bad,:laugh: but what about tomorrow?:blink:
Thank you Mr. Market (Burntankle), +1.52% not bad,:laugh: but what about tomorrow?:blink:
GEEZ!! Norm. Why did you have to do a "what about".