Leave it to you to think that the balance sheets of the commercial banking sector are INFLATING. You should really try taking a basic course in Economics or Monetary Policy.
Thats right, I do not daytrade for a living but I do daytrade and swingtrade and closed out 3 positions this morning that I bought yesterday, all for profits, also added DUG today, so whats your point. This rally is due to the fed, just like every rally since OCT, SELL THE RALLIES. They will do anything to pump this market up. Sad isnt it. See you back at DOW 11800.
Why would I care? All I care about is getting out asap if the market proves me wrong. I am short a bunch of equity index futures since a few days and you know what? If the rally doesn't fizzle I will cover them at a loss without making any second guesses and move on to the next trade. Same shi** different day. Obviously half of you clowns don't trade any real money and that's precisely why you have to make a dozen new threads every day on any 2% move up ("SHORT THIS RALLY", "BERNANKE KILLS THE USA" etc.) or 2% down ("THIS IS ANOTHER 1929", "HYPERINFLATION" etc.).
And this is precisely why ET has gone down the tubes over the last couple of years . . . But Baron doesn't care about the quality of content on ET. He just cares about "web-hits" that he can market to potential advertisers. Again, the only forums of REAL VALUE on ET are in the software and hardware sections. The opportunity to make ET a subscription site set sail a few years ago, and Baron got left at the dock. Sad, but true.
Yes, deflation, even if you will never understand it. 10y treasuries (Market sees deflation threat over inflation threat) 10y treasury - TIPS spread 1998-2008 (Where is the inflation expectations?) Unit Labor costs 1978 - 2008 (Unlike commodity prices, unit labor costs are the driver of inflation). If an inflation threat was imminent, unit labor costs would skyrocket)
LOL. The TIPs are showing that there is going to be more inflation, not deflation. The Treasury market is telling you there will be inflation down the road, that's why the yield curve is steepening, Sherlock. Oil at $107 is not inflationary? Corn at $6. Wheat at $12. Copper at $4. Natty gas at $10. LOL. I wish I lived in your world where people eat CDOs for lunch and put AAA bonds in thier gas tanks. LOL.
this subprime,hedge fund, disaster is real,bernanke i s using every tool he has to shore up the mrkt,hopefully it will work, always has in the past,since the depression anyway,the mrkt is never what they portray it to be, its never as rosy nor as bad as they tell us, i smell a lot of liquidation, they are just pumping it up so they can dump thier assets at a better price and stay solvent,its called distribution, just trade it, there in lies the question, How long do they keep it up here,how much do they need to unload, how much trouble are they in
LOL the market is surging and the fed didn't even have to cut. When he DOES cut the market will surge another 3%. Face it this is the bottom. I This rally wont fail. Nope not gonna happen. Dow end day up 320 points..lol
The fed is way behind the power curve and it is by design in my opinion - just another excellent opportunity to fade another fed news based rally.