TODAY'S RALLY ABOUT NOTHING...
WILL REALLY BE NOTHING AFTER BERNANKE'S TESTIMONY THIS WEEK...
BERNANKE WOULD BE INSANE TO COME OUT FOR MORE QE...BASED ON A SMALL CORRECTION IN THE AVERAGES...MOSTLY SEASONAL...
THE FED HAS VERY LITTLE CREDIBILITY LEFT...
THEY DON'T WANT TO WASTE IT PLAYING "SIMON SAYS" WITH THE SPECULATORS AND THE BLACK BOX ALGORITHMS ON WALL STREET...
BESIDES THE FED SAYS THE ECONOMY IS RECOVERING...IS THAT JUST MORE BULLSHIT...
THE FED NOT GOING TO DO MORE QE MERELY ON SPEC TO HELP THE ECB...IF THE ECB WILL NOT HELP ITSELF...
TODAY'S BIZARRE "RALLY" WAS LIKE SHORT COVERING...AND SOME BLACK BOX BULLSHIT...CAUSED BY ALGORITHMS ALL RUNNING THE SAME WAY... SORT OF A REVERSE "FLASH CRASH"...
CALL IT A "FLASH RALLY"....
AS FOR THE NEWS...DISMAL AS USUAL...DESPITE THE FED'S HAPPY TALK...
