THE FED' S MASSIVE RATE CUT WAS CONSIDERED TO BE "INFLATIONARY"...BY MANY GLOBAL TRADERS.
BUT THE FED SHILLS ARE FRANTICALLY WORKING ON THE "MOTHER OF ALL GOLD BASHES" NOW ....TO "PROVE" THAT IT ISN'T....
SO, THE "REAL NEWS" ON THE ECONOMY HAS MOSTLY BEEN BELOW THE FOLD FOR THE LAST TWO DAZE...
OR "SPUN" LIKE IN THE OLD DOT-COM BUBBLE DAZE...!
SO THE BIG INVESTMENT HOUSES RECENTLY...MERELY... "BEAT EXPECTATIONS"... BUT NO ONE MENTIONS WHERE THE EXPECTATIONS CAME FROM...OR IF IT'S A "GOOD THING!" PERHAPS "BEATING BY A PENNY" WILL BE THE NEW THING FOR THE BIG INVESTMENT BANKS...ALA PETS.COM!!
THE BIG FED STOCK RALLY "LASTED" ABOUT HALF A DAY...AND EVEN THAT REQUIRED MASSIVE PROGRAM TRADES BY THE FED SHILLS TO "SUPPORT" THE MARKET...ALL DAY LONG AFTER THE CUTS WERE ANNOUNCED.
BUT IT'S SORT OF LIKE "THE SURGE" IN IRAQ....IT WAS SUPPOSED TO GIVE FOLKS TIME TO SORT THINGS OUT...
WELL...MY HUNCH IS THAT THINGS HAVE BEEN SORTED OUT...
EVERYONE IS WAITING FOR GOLD TO BOTTOM OUT...
THEN... IT'S BACK TO MACRO BASED TRADING AGAIN...
AND PROBABLY ANOTHER RATE CUT NEXT MONTH!!
BUT DON'T WORRY ABOUT THAT NOW...
CRAMER HAS IT "HANDLED!!" LOL....
