Not to worry ... technical analysis is meaningless with this Keynesian monkey running the circus!
Posted on 06/20/2013 6:28:25 PM PDT by Kid Shelleen
Not to worry ... technical analysis is meaningless with this Keynesian monkey running the circus!
Right now, the DJIA futures are up a hair, +2.30 (.15%)
The S&P futures are down a hair, -1.00 (0.01%)
The NASDAQ futures are WAY down, -76.25(-2.58%)
I still do think that reigning in the high-speed traders and overhauling the income tax code to make it no longer a major impediment to economic growth is the best way to grow the economy again.
I thought the markets operated using “efficient market theory”?
Nobody saw the Fed stopping the large scale purchase of bonds at some point? Why this is a shock to anyone is beyond me.
“technical analysis” is meaningless when the market is rigged.
Hasn’t gold been tanking too?
I noticed that too. Markets are tanking, rates are rising, yet gold is also down. One would intuitively think that gold would be a safe haven.
Why are gold prices falling?
http://finance.forumsee.com/a/m/s/p12-26044-068956—understanding-why-the-gold-price-falling.html
Yes. Stocks are tanking, bonds are tanking, and gold is tanking. Gold really crashed today, and now it’s down more in Asia—below the 1280 level where some people were hoping it would finally bottom.
Tomorrow is triple witching, coupled with the threat of the fed possibly reeling in the moneterization. Then again, who knows. There’s three ways to increase today’s balance sheet, increase revenue, cut operating costs, or both. There’s nothing left to cut, and there is no revenue. Rates will go up, so all the free lending / borrowing is going to end. Its a crap shoot.
Hmmm...
Rates keep rising, what little housing recovery occurred, will be eaten alive imo.
Treasuries down and gold up would mean head to your bomb shelter.
Nope. Miss anything?
The so-called “efficient market theory” has been dead for quite some time. Anecdotally, consider Countrywide, Freddie Mac, and Fannie Mae stocks in 2005 and 2006 for starters. They were dead men walking for years after it was absolutely clear that the housing bubble was peaking for the many obvious and predicted reasons, and months after it was absolutely clear that the bubble had in fact burst.
After showing the clip, Cavuto, Gaspirino and Francis discuss how forth coming Ben was yesterday. Gasparino was shocked that (1) Obama's statement about Ben was so harsh/public (considering Ben's pumping help reelect him) and (2) that Ben put all his QE cards on the table yesterday with, for the Fed, such great clarity. Cavuto, smiled and ended the discussion saying that if your going to fire an employee make sure you have his security id and that he has no weapons.
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