We’re getting very close to that area where all bears, even the diehard bears like myself… throw in the towel. (I’m not there yet though).
I still think we will sell off before this week ends, and I think the top is in right now. But it’s not looking good for the bears right now, I must admit that.
(the mike was accidentally left on)
Ben Bernanke, said, And I’m paraphrasing, “ we at the FOMC, are prepared to drop cash money from helicopters onto the general population as part of our QE2 efforts.”
okie dokie Red!
QE2 probably won’t begin in NOV, because that will look bad for the politicians. That means Dec. expect more QE2. The plan is to buy a 1/2 trillion treasuries, also, look for the Fed to start buying mortgage backed securities…( I guess the Fed is too big to fail, scary thought, they will be buying MBS’s)
Hey Red, Good article on Drudge concerning A Vatican Bank being investigated for money laundering. Maybe there is something to that Legatus story…….Futures and bonds rallying. Sucking everyone in before the correction…….
Wasn’t most all of the presidents back before the civil war slave owners? Maybe not all, but a good portion of them were. Sad part of our history. But today, we are all slaves… black and white alike. We’ve come a long way since then… LOL
IWM rsi 69.5 is the top I’m looking for. or QQQQ rsi 78, whichever comes first. July earnings, remember those? They were good enough to repeat the April high’s. Oct earnings are rumored to be just as good as July. That’s where all the money is coming from…Corporate Profits, plus, Congress passed laws, so that the corporations can put unlimited money into campaigns. ( Alexander Hamilton is spinning in his grave with Joy) Was he a slave owner?
We’re getting very close to that area where all bears, even the diehard bears like myself… throw in the towel. (I’m not there yet though).
I still think we will sell off before this week ends, and I think the top is in right now. But it’s not looking good for the bears right now, I must admit that.
(the mike was accidentally left on)
Ben Bernanke, said, And I’m paraphrasing, “ we at the FOMC, are prepared to drop cash money from helicopters onto the general population as part of our QE2 efforts.”
okie dokie Red!
QE2 probably won’t begin in NOV, because that will look bad for the politicians. That means Dec. expect more QE2. The plan is to buy a 1/2 trillion treasuries, also, look for the Fed to start buying mortgage backed securities…( I guess the Fed is too big to fail, scary thought, they will be buying MBS’s)
Hey Red, Good article on Drudge concerning A Vatican Bank being investigated for money laundering. Maybe there is something to that Legatus story…….Futures and bonds rallying. Sucking everyone in before the correction…….
It’s starting to look that way Jim. I must admit, I’m growing tire of this obvious manipulation.
The economist reaction to the fed today was dismal. futures are now fairly positive.
The sell off will not happen this week
Wasn’t most all of the presidents back before the civil war slave owners? Maybe not all, but a good portion of them were. Sad part of our history. But today, we are all slaves… black and white alike. We’ve come a long way since then… LOL
IWM rsi 69.5 is the top I’m looking for. or QQQQ rsi 78, whichever comes first. July earnings, remember those? They were good enough to repeat the April high’s. Oct earnings are rumored to be just as good as July.
That’s where all the money is coming from…Corporate Profits, plus, Congress passed laws, so that the corporations can put unlimited money into campaigns. ( Alexander Hamilton is spinning in his grave with Joy) Was he a slave owner?
New post
gettin some great short sell signals on CAT at $79.5
http://zstock7.com/?p=3357