Thank the Bernank for the bad jobs report. Costs go up, jobs go down. Surprise! Lookie the biggest gain – 40K temp jobs. Wow! On our way to become Spain II, where youth unemployment is 40%.
I bet anything Madman Bernanke uses this an excuse to bash his detractors next June after QE has a chance to really screw up the economy…”See, we just didn’t so ENOUGH QE! We need to do MORE to jump start this economy!”
Anyway, I think there will be a pullback next week when the Euro stalls out.
I think if anything it will be caused by a foreign event; the euro tanking or something else in combination. It was just reported that China will be moving to a tightening stance (although this doesn’t seem to be having an effect at the moment but maybe later during the European session it will) By the way, Cramer has the 127 number on his scoreboard tonight along with 711,212,911 or 121
ie
……..12………2
…….11……….7……
Control macro consumption, by controlling the cost of procuring the goods….
UGA is getting too high…RTH sector will get nervous, and sell off—That’s the only way the market is going to stop those gasoline pit speculators….After the RTH sector Panic ( lasts one or 2 days) , you will then see UGA begin to sell off….
Thank the Bernank for the bad jobs report. Costs go up, jobs go down. Surprise! Lookie the biggest gain – 40K temp jobs. Wow! On our way to become Spain II, where youth unemployment is 40%.
I bet anything Madman Bernanke uses this an excuse to bash his detractors next June after QE has a chance to really screw up the economy…”See, we just didn’t so ENOUGH QE! We need to do MORE to jump start this economy!”
Anyway, I think there will be a pullback next week when the Euro stalls out.
Gangasta 🙂 UP UP UP
Apple Chart
http://niftychartsandpatterns.blogspot.com/2010/12/apple-chart-analysis.html
ES CHART
http://niftychartsandpatterns.blogspot.com/2010/12/s-500-futures-before-opening-bell.html
I think if anything it will be caused by a foreign event; the euro tanking or something else in combination. It was just reported that China will be moving to a tightening stance (although this doesn’t seem to be having an effect at the moment but maybe later during the European session it will) By the way, Cramer has the 127 number on his scoreboard tonight along with 711,212,911 or 121
ie
……..12………2
…….11……….7……
Next Tuesday,Wed..I’m loNG!!!! look at all that Treasury money $30b
Hi Gasoline prices ( in poker, we call that a tell) strongly indicates, that the RTH sector is in good shape…2/3rds of GDP.
A crash now would surprise everyone Geccko… Just “what if” the non-farm payroll report wasn’t so rosy tomorrow? 🙂
Control macro consumption, by controlling the cost of procuring the goods….
UGA is getting too high…RTH sector will get nervous, and sell off—That’s the only way the market is going to stop those gasoline pit speculators….After the RTH sector Panic ( lasts one or 2 days) , you will then see UGA begin to sell off….
re: I don’t know where ZH got their info from, but I’d sure like to know that answer to. Here is ZH’s link again…
—
Red’ those numbers were an ESTIMATE, prior to the actual pomo schedule being released. I remember the story on zero-hedge at the time.
It is why your POMO references have been wrong EVERY DAY in the last few weeks.
See the treasury website, use their dates. They even give a precise range for POMO since the ‘big pomos’ began.
Good wishes though. I very much enjoy reading all your thoughts.
philip..in London