We had so many other things to say today but as we woke up, futures are flying. The first thing we thought was another announcement of printing of money. And away we go. Japan, who we believe has been printing and easy for about 700 years…announces an additional monster amount of printing. This was no…
The Fed will start another round of money printing on any real weakness in the markets. Count on it! Every 10 cent drop in gas prices is $10 billion back into the economy. There is no bad news in this story. Biggest beneficiarys are airlines and truckers. Much talk about this v-shaped move in the…
When we thought a near term low was in, we expected a bounce over time into resistance. Instead, it has been a rompin stompin bull move. This rates a big wow. Only in a QE market can you get a long topping process that leads into a market top that leads into a mini-meltdown…a big…
Would love to give sound advice but the fact is the only thing that matters is the final decision by one person tomorrow. The Fed is in the midst of their 2 day meeting. Expectations are for the final taper in where they stop printing money. But I suspect after 3 Fedheads telegraphed things last…
Terry Keenan was a sweetheart. Terry Keenan was brilliant without having to tell you she was brilliant. I loved appearing on her show and was stunned to hear of her passing at such an early age. Make every day matter! Quote of the week that will not be reported by the national media: “Don’t let…
As bad as the internals and technicals looked, the markets have again been juiced by central banks. Most cannot fathom that we are not dealing with central banks of the past in which they would lower rates by a quarter point. You now have central banks at 0% rates so not much to do there….
We break away from our regularly scheduled program on the markets…as we are back to…”they are never going down again!” Actually, we told you we would bounce but as usual, this is more than a bounce as Central Banks around the globe, in a coordinated effort, have juiced markets again. Very simply, they have not…
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…
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…
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…
