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IPFS News Link • Federal Reserve

Fed Disaster: S&P Futures Crash, Halted Limit Down; Gold, Treasuries Soar After Historic Fed Panic

• Zero Hedge - Tyler Durden

After firing the biggest emergency "shock and awe" bazooka in Fed historyone which was meant to restore not just partial but full normalcy to asset and funding markets, Emini futures are not only not higher, but tumbling by the -5% limit down at the start of trading...

... Dow futures down 1,000 and also limit down...

... the VIX surging 14%....

... perhaps because the Fed has not only tipped its hand that something is very wrong by simply waiting an additional three days until the March 18 FOMC, but that it can do nothing more to fix the underlying problem, while gold is surging over 3% following today's dollar devastation (if only until risk parity funds resume their wholesale liquidation at some point this evening)...


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