Of course! The whole point is to have to spend so much on food, that you have to BORROW money to live. The only way this fake economy can be successful is if there’s a negative savings rate. The more people have to bury themselves in debt, the better!
Looks like another boring day, as the charts are pretty much worthless right now for picking a direction. The FP’s are all that’s left to go by. If we didn’t have the VIX FP, I might have already went short again, now I wait.
does it count? the bernank was speaking at that moment.
SPY Chart: http://niftychartsandpatterns.blogspot.com/2011/02/spy-hour-chart-analysis_09.html
SPY Chart: http://niftychartsandpatterns.blogspot.com/2011/02/spy-hour-chart-analysis_09.html
New intraday FP of 133.10 on the SPY at 11:05 am EST.
New intraday FP of 133.10 on the SPY at 11:05 am EST.
Of course! The whole point is to have to spend so much on food, that you have to BORROW money to live. The only way this fake economy can be successful is if there’s a negative savings rate. The more people have to bury themselves in debt, the better!
Interesting charts by Mr. TopStep…
http://mrtopstep.com/2011/02/09/mr-topstep-charts-a-case-of-the-bollingers-ready-for-buy-climax/
I think he’s of the opinion that a blow off top is coming… which might line up with a high around 1333 spx?
10% Inflation is too low.
Looks like another boring day, as the charts are pretty much worthless right now for picking a direction. The FP’s are all that’s left to go by. If we didn’t have the VIX FP, I might have already went short again, now I wait.
ES Chart: http://niftychartsandpatterns.blogspot.com/2011/02/s-500-futures-before-opening-bell_09.html