THERE’S ALWAYS MORE QE!

A big up day ends not so big…though strong TRANS,SEMIS and SMALLCAPS for a change. We do suspect there is a bounce of consequence out there as the recent drop usually gets worked off with some upside. But there was something else we saw that caught our eye. A fedhead named Williams, by no accident, came out and stated if economies headed south, more QE needed to be looked at. We do not believe anything is said by these people without a reason. Thus…our expectation of more QE may have just been telegraphed.

WHETHER OR NOT IT DOES THE JOB LIKE IT HAS DONE FOR MARKETS FOR YEARS…IS ANOTHER STORY. BUT WE TAKE NOTHING OFF THE TABLE AS THESE PEOPLE DON’T KNOW THE MEANING OF MODERATION WHEN IT COMES TO ASSET BUBBLING EASY MONEY!