Obama is probably on the phone talking to Bernanke at the moment. 10 year Treasury at 2.47% 2 year at .28%! Tells you something about inflation expectations.
BUBBLE ben bernanke is going to come and fuck with the market, just give it a break below spx 1200 and he will release QE3. Simple as that. Going to be an interesting close, market could completely fall apart by the close, I mean SPX breaks 1200 in the next hour
A negative jobs number tomorrow and sub 11k on the DOW!!!! But by Monday BUBBLE ben bernanke will have QE3 all ready to go!!! So buy tomorrow if there is another dip!
Yep, Ben has been testing his new Apa$he helicopter: Twice the dollar dropping power at half the time!
So right, so right, he will be here to drop more worthless dollars on the market, the market is crying and hoping BUBBLE ben bernanke comes and saves it, but what no one understands is that BUBBLE ben bernanke is doing the wrong thing when he comes in and pumps the markets with QE and bailouts, remember that everything has been smoke and mirrors for the last few years.
Bearish daily and weekly equity charts strengthen further. S&P500 head and shoulders target is 1,176 and further downside expected. As mentioned for some time - S&P500 monthly has been tracking sideways this year. This extensive distribution signified a bearish big picture and that a significant downtrend would follow.
It tells me absolutely nothing about inflation expectations. Instead, it has tricked guys like yourself into blindly believing treasuries forecast anything. During that period crude oil went from $10 in 1998 to $147 a decade later. Gold went up about 6-8 fold. Commodity prices have skied. Asset prices went parabolic. Meanwhile, I've had to read all of the luddites tell me that treasuries weren't pricing in "inflation". Fucking comical.