A pause now....? Oh Pleeease....! If you believe that you'd believe that Israel wants a "two state solution!"
With oil soaring....$72 +. And with gold back near $600. And with the Dollar plunging today on the FED news...which was another rate hike!! And with GPD soaring and corporate profits at record highs. And with the debt and deficits and the K-Street Kongress...and the regime change that's coming in November...
ALL SIGNS POINT TO ANOTHER RATE HIKE IN AUGUST...
AND A RATE HIKE AT EVERY MEETING TIL THE END OF THIS YEAR...
A FED Funds at 6.5 or 7.0 is almost inevitable given the current macro-economics of the US economy...
Todays rally was totally insane...chances are it was decided upon before the FED statement came out...and everyone just hit the "send" bottom at 2:30...no matter what.
Well, there is such a thing as TOMORROW MORNING...And I'd hate to be holding on to this nutty rally at 9:30 EDT tomorrow.
