from King World News
Fed not QE reverses some of today’s massive market losses.
Fed Not QE Hits Markets
March 12 (King World News) – The Fed just announced what amounts to a massive amount of QE through additional purchases in the REPO market. That has temporarily created a reprieve in the stock market, which was down over 2,000 points earlier in the day. It also reversed some of the major losses in both the oil and gold markets.