The FED meeting has begun and AS SOON AS IT DID, MARKETS TOOK OFF.
News- flow is as negative as I have ever seen and well timed for the FED meeting. Gold is parabolic. Most other commodities are up except copper. Equities are running and frenzy is building. Apple has added almost $50 billion in market value in the past week.
The belief that monetary stimulus will aid the economy is wrong. But markets are programmed to believe it will help them. There is obviously some new and massive stimulus, or at least the rumor of some…
BE CAREFUL OUT THERE!
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funny how alan greenspan showed up for his scheduled hair cut……. they have their own barber, wtf. so now we know where the “tips” are coming from. sheesh..wonder what shoe shine guy says about euro.
Scott, I came over today to ask you this exact specific question. Eur/USD is still in the range from yesterday, AUD/USD made a small upside move. The Currency markets don’t seem to be playing the same giddy game as equities today. If it is a true leak, wouldn’t they be pushing that up too??? This AAPL buying is so crazy, taking it above a key fibo level is either a perfect Wash and Rinse or QE3…I don’t think a simple Operation Twist could get this thing to move so strong. Have you heard of any leaks yet???
It is funny how you answered the question about the leak, even before I asked it…you are good.
Come on Scott; no one knows a thing! No one was tipped off, nothing was leaked … all is fair in love, war …. and markets.
😉 8)
Tell that to George Soros. He co-owns Cede and Co., better known as the DTC. This is a division of the Federal Reserve that’s responsible for ensuring that stock certificates are available to determine whether a stock may be shorted or not. The DTC makes money off every illegal naked short transaction and the SEC looks the other way.
This is just one of millions of things that are going on, that are corrupt within the markets.
To suggest nothing was leaked is to be either ultra-naive, or ultra-unethical.
Take your pick.
Anything that can move a market or a stock and comes from any division of the government is being leaked in my humble opinion. It will never be exposed or prosecuted.
With that great fade, doesn’t look like these inside traders got their money’s worth.
The US dollar slow-motion, panic-less crash is intentional is part of a larger central banker plan to move middle class American wealth to other countries. Source: UN Agenda 21
aw come on juice,we all know that the sp downgrade was leaked almost a few hours the day it happened and saw the markets,it was literally blogged by scott as it was going down i remember that day vividly. if scott has an archive, it’s all there
Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows that the war is over
Everybody knows the good guys lost
-Leonard Cohen
Yesterday someone knew about QE3 and today they know no QE3….whatever no one knows…I bet someone will know at 2:15 today though.
why are we not down 300 pts ?? with all the downgrade?? Big ben coming with a bomb!!! $load up on $tna