Let's start the week with this funny article. My answer to the question, laugh or cry, is definitely cry. I have seen a similar article about Greenspan, and it was equally pathetic. How we ever get to the point where we worship characters like this, and put them in charge, I can't even fathom a guess. Or how the 'citizens' just tolerate it and keep worshiping...
http://theeconomiccollapseblog.com/archives/say-what-30-ben-bernanke-quotes-that-are-so-stupid-that-you-wont-know-whether-to-laugh-or-cry
Understand, this article was posted in Dec 2010, but is till quite valid. I wonder how many more bad reads he has done since then?
JI
jimkane
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Here's some thoughts, I'm sure they will amount to nothing. The German courts rules, in so many words, 'Dragh Queen' can print his 'unlimited' money and the German taxpayers will pick up the tab (yes, they did put a limit on it, but how long until that gets 'lifted'). The market squirts up a bit, and is coming in. The Dutch elections will be just fine. What if Bern-Qwacke doesn't do QE tomorrow?
As mentioned, the market has already priced in $850 billion of QE, and it hasn't even been announced. Last I heard I think it was 64% of analysts now think he will announce the new QE tomorrow. What if Bailout Benny doesn't do it? Won't the market get crushed? (I mean, go down like ten points and then the government rampers come in and gun it up and over to new 'bull' market highs...) All this 'good' news and we aren't at 1,500 yet. Maybe that's an early warning?
As mentioned, the market has already priced in $850 billion of QE, and it hasn't even been announced. Last I heard I think it was 64% of analysts now think he will announce the new QE tomorrow. What if Bailout Benny doesn't do it? Won't the market get crushed? (I mean, go down like ten points and then the government rampers come in and gun it up and over to new 'bull' market highs...) All this 'good' news and we aren't at 1,500 yet. Maybe that's an early warning?
JI
jimkane
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There goes the LOD. Now the GLOBEX low? C'mon 22 (anyone remember where that reference is from?).
JI
jimkane
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And no, I don't think it can even approach that GLOBEX low, in fact, I'm cautious here at this 32.50, 'in case'.
RA
rat89
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i guess a rush to the lower line is possible based on the bear abcd and the .886 on the last high.....but time doesn't suggest it, right?
Click image for original size
JI
jimkane
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Just unreal... Same old, same old. Soooooooooooooooooo predictable, these guys are...
Originally posted by jimkane
The old 1-2-tick game. These guys never change...
JI
jimkane
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Look at it go into the cash close!!! A few ticks from another new 'bull' market high!