Plus, his concern is not foreclosure; that means nothing to him because he can (and will) recapitalize the banks if need be. He’s buying bonds issued by the Treasury only 2 weeks ago (per Zerohedge – haven’t looked at the details). As long as he can keep the equity markets up, I don’t believe he would have any problems with any other repercussions. If you look at the ISM report from yesterday, at the “Repspondents…” section, Madman Bernanke is already wreaking havoc on business. His concern is singular…pump up the markets at ANY COST.
In any case, this is really amazing…the highs on the Dow, S&P and NYSE all held by mere pennies. Nice setup.
Hi Mike
I’m 3 to 1 shorts, ahead of the results…of course, I could always go from hero to zero, in this type of market environment. I’m expecting the DIA to go down, on the results, but it wouldn’t surprise me if the market dipped, and then ended flat on Wed.
CLB, finally had an up day…I went long..DEC 70 C cost 9.00 or $75 higher than the stock price…The option guys want the first 1%, before they’ll let you in.
I just had a weird thought after reading a blurb where traders expect the Fed to keep the funds rate at 0%. WHAT IF…Madman Bernanke decides to take the funds rate up to 0.5% and ALSO print 2 trillion dollars???
That circus act alone, would make my day.
Well, they have 20 minutes to double the Dow to take out that spike. Drum roll…
Honestly red the audio paints a disturbingly grim picture and hopefully things to reach that extent.I think we all just want SANITY without bloodshed but thats just wishful thinking i guess.Overall i think the main message is to BE PREPARED.Worst part about all this is that it really is unfolding according to everything he said especially over the last few days.
That’s why I call him Madman.
Plus, his concern is not foreclosure; that means nothing to him because he can (and will) recapitalize the banks if need be. He’s buying bonds issued by the Treasury only 2 weeks ago (per Zerohedge – haven’t looked at the details). As long as he can keep the equity markets up, I don’t believe he would have any problems with any other repercussions. If you look at the ISM report from yesterday, at the “Repspondents…” section, Madman Bernanke is already wreaking havoc on business. His concern is singular…pump up the markets at ANY COST.
In any case, this is really amazing…the highs on the Dow, S&P and NYSE all held by mere pennies. Nice setup.
Hi Mike
I’m 3 to 1 shorts, ahead of the results…of course, I could always go from hero to zero, in this type of market environment. I’m expecting the DIA to go down, on the results, but it wouldn’t surprise me if the market dipped, and then ended flat on Wed.
The Market keeps letting me short MAR at high 37’s…It’s way overvalued at these prices…
up 0.5%, that’s nuts—that would put another 2 million houses into foreclosure….
CLB, finally had an up day…I went long..DEC 70 C cost 9.00 or $75 higher than the stock price…The option guys want the first 1%, before they’ll let you in.
Well, that didn’t work. I still like the 1200-1203 range, just can’t pin down the timeframe.
I just had a weird thought after reading a blurb where traders expect the Fed to keep the funds rate at 0%. WHAT IF…Madman Bernanke decides to take the funds rate up to 0.5% and ALSO print 2 trillion dollars???
That circus act alone, would make my day.
Well, they have 20 minutes to double the Dow to take out that spike. Drum roll…
Yes, it’s all unfolding as they planned it. Very scary stuff…
Honestly red the audio paints a disturbingly grim picture and hopefully things to reach that extent.I think we all just want SANITY without bloodshed but thats just wishful thinking i guess.Overall i think the main message is to BE PREPARED.Worst part about all this is that it really is unfolding according to everything he said especially over the last few days.
Intrade now has a 95% chance that Republicans win the House and a 46% chance( but trending down) that Democrats control the Senate.