THE FED IS BEING BOXED IN BY THE MARKET... IT'S EITHER 50 BP NEXT WEEK OR ELSE THE MARKET CRASHES...ACCORDING TO THE RECEIVED WISDOM...
BUT IS THE FED THE SLAVE OF THE MARKETS... APPARENTLY...
SO THE NEXT SHOE TO FALL SHOULD BE WITH THE DOLLAR, OIL AND GOLD...THOSE ARE REALLY THE CANARIES IN THE MINESHAFT...
SOONER OR LATER PLUNGE PROTECTION WILL NOT BE ABLE TO CONTROL THE DOLLAR, OIL AND GOLD AS THEY DO NOW...
AND AT SOME POINT THE CHINESE NEED TO DECIDE WHAT THEIR BULLSHIT TOLERANCE LEVEL IS...
IT'S BEEN HUGE SO FAR...
GOLD AND OIL WERE BOTH DOWN A BIT BUT ON A DAY AS FREAKISH AS THIS IT'S IMPOSSIBLE TO SEE ANY TREND....
