THIS IS A RANGE BOUND PING PONG MARKET THAT IS TRYING DESPERATELY TO PRESERVE IT'S YEAR END BONUSES...
BASICALLY IT'S GOING NOWHERE...BREATHLESSLY...AS USUAL.
THERE IS PLENTY OF GLOOM AND DOOM ABOUT THE REAL ECONOMY...AND THAT ISN'T GOING TO END ANY TIME SOON...
THE FED IS DESPERATE TO HELP THE STREET...AND WOULD PROBABLY LOVE TO HAVE THE BUBBLES BACK...BUT THAT ISN'T GOING TO HAPPEN...
THE MOST THE FED CAN HOPE FOR IS THAT INFLATION WON'T SPIKE AND THE DOLLAR COLLAPSE BECAUSE OF ALL THE RATE CUTTING AND MONEY PRINTING BEING DONE TO "SAVE" THE HOUSING ASSET BUBBLE...
IN SHORT THERE ARE PLENTY OF DATA "LAND MINES" OUT THERE THAT COULD TAKE THIS MARKET DOWN...
BUT THE SPIN MACHINE KNOWS HOW TO HANDLE IT...JUST SAY: "ANOTHER RATE CUT IS INEVITABLE!"
AFTER THIS CUT...WILL THEY BE ABLE TO START THE HYPE MACHINE FOR ANOTHER CUT NEXT YEAR...?
WELL THEY BETTER...OR IT COULD BE TIME TO "SELL THE NEWS"...AND HUNKER DOWN FOR A VERY "INTERESTING" 2008!
