THE PLUNGE PROTECTION PROGRAM TRADES WORKED GREAT TODAY...!
OIL SOLD OFF REALLY BIG...
THE DOLLAR STAYED THE SAME...
AND MOST OF ALL THE DOW WAS BOUGHT FROM ALL COMERS...!!
THIS IS THE WAY PLUNGE PROTECTION IS SUPPOSED TO WORK... BUT NOW THEY WILL HAVE TO DO IT...EVERYDAY THIS WEEK!!
THIS IS NOT A MARKET THAT CAN BE LEFT TO IT'S OWN DEVICES...IT WILL PLUNGE IMMEDIATELY...
MY HUNCH IS THAT THE FED WILL LOWER RATES UNEXPECTEDLY TOMORROW...JUST TO CATCH EVERYONE OFF GUARD...AND TO BE ABLE TO CALL OFF THE PLUNGE PROTECTION...WHICH CAN'T GO ON FOREVER.
THE DOW SHOULD SOAR AT LEAST 400 POINTS TOMORROW...! THESE ARE DESPERATE TIMES...
THE FED KNOWS THAT THERE IS NO TOMORROW...AFTER THESE MANY ASSET BUBBLES...SO RIGHT NOW IS THE TIME TO USED IT OR LOSE IT...
I WOULD NOT BE SURPRISED IF THE FED LOWERED RATES BY 50 BP...!
