How do I know this...
BECAUSE IT ALREADY HAPPEN TODAY AFTER THE FED MEETING...
GAS WILL SHOOT TO $3 PER GALLON IN ALL PARTS OF THE COUNTRY IF THE "PAUSE CROWD" PREVAILS...
Bonds are already crashing... And the Jobs numbers are punk...
The problem is that the Wall Street spin machine is so good...and so quick...that Bernanke can't defend himself against the spin doctors, who now twist everything he says in support of their stock bubble!
That said its also possible that a lot of the "rally" today was to mask the humanitarian disaster that is shaping up in Gaza... Wall Street is a master of media distraction... If the rallies continue, even as the war crimes get worse, someone will surely connect the dots...eventually.
There is little or no talk of the middle east in the financial press now. And that is unusual because so much is riding on the oil prices. When Wall Street wants to "block" a news story...it comes up with it's own story...in this case the 200 point rally about nothing. Still the Gaza catastrophe continues...and at some point it will have to become "discussible" in the financial press.
