kaltbaum midday

The crooks are already out on wall street. Whenever there is a big down day, someone floats something about the fed and more QE. Today, it is unnamed sources in the financial times talking more fed QE is imminent. These people are lucky I do not run the SEC.

As far as today, when fed rumors are yapped, the dollar drops…and commodity areas bounce including oils, CAT-types…and that is exactly what you are seeing. But I am paying more attention to the many names that are breaking down here…Of course, it is early…and will have more thoughts after the close. They aint going to make this easy. Take your time and dont feel the need to trade too much.