So,…reinvestment of maturing securities essentially keeps the current liquidity on the table, but not reigning in any dollars to destroy and lower the supply of them on the market. Hmmm
I’d really be shocked if we don’t bust through this resistance and put in a new high today. I’m going to be even more shocked if we hit the FP on Friday!
The bottom line on what they said… “they will continue to manipulate the market (errr… I mean “buy the debt”). You can only eat 10 fingers and toes, and at some point they will run out of body parts too eat.
What is your interpretation of the Fed statement? Different news outlets are acting like the statement meant QE2 will end and further easing is being taken off the table. I totally didn’t hear that at all, if anything I heard further easing… I’m puzzled now… I need to get back to my charts. LOL!
GOLD: http://niftychartsandpatterns.blogspot.com/2011/04/new-high-for-gold.html
Kind of like a snake eating its’ tail… eventually it will end badly! LOL
So,…reinvestment of maturing securities essentially keeps the current liquidity on the table, but not reigning in any dollars to destroy and lower the supply of them on the market. Hmmm
Ben Bernanke for King of the Stock Market! He can save us all… LOL!
With uncertainty removed (Benny’s Press Conf), market should go uppy…
I’d really be shocked if we don’t bust through this resistance and put in a new high today. I’m going to be even more shocked if we hit the FP on Friday!
Thanks San… looks bullish too me. Off to 138.86 spy I believe, and slv will go up too!
The bottom line on what they said… “they will continue to manipulate the market (errr… I mean “buy the debt”). You can only eat 10 fingers and toes, and at some point they will run out of body parts too eat.
SLV Chart: http://niftychartsandpatterns.blogspot.com/2011/04/slv-slows-down.html
What is your interpretation of the Fed statement? Different news outlets are acting like the statement meant QE2 will end and further easing is being taken off the table. I totally didn’t hear that at all, if anything I heard further easing… I’m puzzled now… I need to get back to my charts. LOL!