Today's market action had the FAKEY look that you get when the Fed is scared that it's lossing control.
Sort of, PLUNGE PROTECTION KICKING IN. Ya suppose?
EVERYTHING RALLIED ALL AT ONCE.
THE DOLLAR, THE BOND, ALL STOCKS!
MEANWHILE GOLD AND OIL PLUNGED!
I THINK THIS "FAKE ACTION" HAS LEGS!
BECAUSE I'VE SEEN THIS MOVIE BEFORE!
GREENSPAN AND SOME CENTRAL BANKS ARE AFRAID OF LOSSING CONTROL! DON'T FIGHT EM.
HENCE;
A MASSIVE RALLY IN STOCKS! AND ALSO IN BONDS IS COMING!
ALSO GOLD AND OIL WILL PLUNGE!
I know it seems nuts because of the macro problems.
But this not economics, its the markets! THERE IS A DIFFERENCE!
THOSE WHO WANT TO SELL GOLD AND OIL NOW, AND BUY THEM BACK LATER COULD MAKE DECENT MONEY.
BUT A BIG BIG STOCK AND BOND RALLY IS COMING!
THE GOLD AND OIL PLUNGE WILL BE A GOLDEN OPPORTUNITY TO BUY INTO THESE KEY COMMODITIES AT MUCH LOWER PRICES.
SHORT GOLD! LONG THE DIA and THE QQQQ!!
GREENSPAN BABY!
I'M WITH YA! SAVE THE DOLLAR BABY!