You can look at the SPY, DIA, or the QQQQ’s and see that they have had a wild ride today. However, the stock market continues to trade inverse the U.S. Dollar Index virtually tick for tick today. The overall market indexes have done a whole lot of shaking and baking while trading basically right back to the high range of the session. The Federal Reserve came out and announced that they would buy $600 billion worth of U.S. Treasuries as their quantitative easing plan. Originally they leaked out earlier in the week that they would only buy $500 billion worth of U.S. Treasuries. Therefore, they sandbagged the number as they often do. These guys are getting very predictable. Please read the morning blog post  ‘The Street Expects Bernanke To Accommodate‘.

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