Crisis Acknowledged

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The Federal Reserve acknowledged the credit crisis, reversing their previous policy, and demonstrating a 'better late than never' understanding of the crisis affecting the broad markets.

Basically, the Fed also took out Will Poole and shot him, not surprising after his ham-handed statements Wednesday.

Bernanke also basically threw the dollar under the bus, which should help my metals positions, which are only partially hedged.

The initial move was not surprising (futures spikes)...

Good trading and great risk management.

Educational use only. Never intended as investment advice.