We told you to expect a rally/bounce from some of the most stretched, extended and oversold conditions we have seen in a long while. But it is again “V” shaped as the central banks do not stop and do not stop talking. Since the lows: We got 3 Fedheads out yapping about not lowering QE…
Investors Edge – Hour 1
SOURCE: https://www.zerohedge.com/news/2014-10-20/feds-comfort-zone-1-simple-chart
A few complaints…which will lead me to the market. Evidence that the nuthouse is still full. Venezuela elected to the U.N. security council. Dems continue to lie and complain that there isn’t enough money for the CDC to fight Ebola. “Not enough money” and Washington do not go hand in hand as government spending is…
Investors Edge – Hour 1
The Fed has been wise and courageous with its policy. No…we don’t believe that. Lloyd Blankfein does. Yes…the Head of Goldman says the Fed is wise and courageous. MEMO TO LLOYD…courageous is our soldiers who head into harm’s way every day. There is nothing courageous about a few unelected people who press buttons on computers…
Investors Edge – Hour 1
Saint Louis Fed President James Bullard says Fed should delay ending QE! With that, the Fed is now targeting the market again. A statement like this is not by chance…it is by choice and it is on purpose. We hate Central Banks…especially our Central Bank that believe they are omnipotent and believe they can engineer…
We are noticing today’s pre-market is being yonked again. The hope by many was that yesterday was a good washout day. A washout day occurs when everyone who had not sold, panic out AFTER the drop…leading to a near-term low. This occurs on massive volume. So…yesterday does fit the definition. So…today’s open gives the market…
