GREAT FOR UNLOADING THOSE "UNDERWATER" OPTIONS...
VERY VERY WELL MANAGED MARKET... THE BEAR MARKET IS OVER...IF THE FED CAN CONTROL TRADING BY HOLDING OUT THE FEDERAL CHECKBOOK...
THE ONLY QUESTION IS CAN YOU GOOSE THE DOW 2000 POINTS AND NOT GOOSE OIL AND GOLD TOO...
THAT IS YET TO BE SEEN...
THE GERMAN INFLATION COULD ALSO PLAY INTO THIS IF EUROLAND GOES FOR HIGHER RATES...
THE FED WANTS A MANAGED DECLINE OF THE DOLLAR...BUT THERE IS A CATCH 22 --- BECAUSE OF OIL AND GOLD... WHICH TEND TO SPUR SPECULATION IN OTHER COMMODITES.
DAYTRADE THIS FED "OPEN CHECKBOOK" RALLY ALL THE WAY TILL LABOR DAY...
AND NOTICE HOW ANY NASCENT "NEGATIVITY" IS IMMEDIATELY WHIPSAWED UPWARD BY THE PROGRAM TRADES... YOU CAN TELL THE PROGRAM TRADES BECAUSE THE MARKET GOES STRAIGHT UP...100 TO 200 POINTS IN A HALF HOUR...WITH NOT EVEN A WAVER...
THESE TRADES GIVE THE CHARTS A "SPASTIC" LOOK. BUT...WHATEVER!
BUY ALL DIPS FROM NOW TILL SEPTEMBER!!
THERE ARE REAL PROS BEHIND THIS NEW BUBBLE!!
OF COURSE REMEMBER IT'S ALL FAKE... AS I SAID:
"WE DON'T "DO" LONG TERM THINKING IN AMERICA TODAY...!"
JUST "BUBBLE TO BUBBLE" AS KRUGMAN NOTED YESTERDAY...
YOU HAVE TO FEEL SORRY FOR THE MSM...THEY HAVE TO PUT A "LOGICAL REASON" BEHIND THE DAILY ACTION ...WITHOUT HIGHLIGHTING THE UNDERLYING FRAUD TO THE PUBLIC...WHICH OF COURSE CAN NEVER BE REVEALED, OR EVEN TALKED ABOUT IN THE MAINSTREAM MEDIA...
