Why not just pin it to 1200 and be done with it. Today's market forecast 1200, for the week 1200, the month 1200, quarter 1200, the year 1200 +/- 1 pt We should start a pool to guess how much reserve currency it took to prop up the "jobless recovery"
If anyone has been castrated in this thread, it's been you, Shortie. But fear not, Uncle Ivan is leaning your way now. As I've been saying for some time now, the end of the MBS buying by the Fed comes in two days. Of course, the Treasury is issuing it's new version of stealth QE now - http://www.zerohedge.com/article/treasury-sell-73-billion-short-term-bills-over-next-few-days So we might just have business as usual.
More bad news for the shorts tonight, AAPL is up on news they might be producing a phone for VZ, this news has been expected however everyone out there who trades these stocks is pretty damn happy, more upside tomorrow for tech and beyond, remember as I said apple is a free cash atm machine...Im sure the price targets get raised to $350-$400 very soon.
Unfreakin' believable. Today the gap never filled but it made a high overnight. Too much damn money to drop. Where you gonna put your cash in equities or bonds. I'm surprised we haven't sparked another commodities bubble.
Dont worry about the bubbles being created right now, remember as I said the only way out of this economic downturn is to create asset bubbles, that's ALL THEY KNOW how to fucking do, this economy is completely upside down. Bubble ben bernanke is creating the next bubble that will hurt the economy just like the other bubbles have, they believe that creating an economy is to run up deficits and create false bottoms in housing. Oil at 80+ is in a bubble, especially when comparing where the world economies were in 2007 to where they are today.
I'm not I trade this garbage so bubbles are good but seriously doesn't the proletariat get it? The FED went from denying PPT a few years ago to openly flaunting it---"I dare you to go short this market" bravado. Same stuff in China. Economic war. The scary thing is with this boom bust cycle we're in all it takes is social unrest and then we have war--that would be a great excuse to reissue new currency as in default by force majeur