After the other days bashing in Europe which spread over here when the LTRO high officially ended. The FED's propaganda spewers have been out in full force jawboning the market higher.
Now we learn that they'll have to keep interest rates at 0% until 2015 now! The recovery just isn't quiiiiiiite sustainable yet. I'm shocked. Shocked I tell you. That helped push the markets high yesterday. Obviosuly the FED will and cannot ever raise interest rates again. When they do finally go up the market will have ended the FED.
Today, after the dismal jobs report, they were running around saying that QE3 (or following Apple's lead "The New QE") is likely coming soon, "just not yet". Markets popped hard on the news.
So let's review trading a centrally planned market. Good news is good. Bad news is much better because it means that markets will get their next massive dose of "monetary heroin" (as FED Fisher likes to call it).
And this is why I say it takes massive balls to short this market. If there is a slight down tick. The monetarist central planners go on a media blitz tour about how more printing is coming soon and the junkie starts drooling.
It's easy to get caught picking up nickels in front of the steamroller.
It certainly looks like volatility is back which is too be expected after each coma inducing QE, LTRO, or whatever the fuck wears off.
Pass me the phizzy please.
Now we learn that they'll have to keep interest rates at 0% until 2015 now! The recovery just isn't quiiiiiiite sustainable yet. I'm shocked. Shocked I tell you. That helped push the markets high yesterday. Obviosuly the FED will and cannot ever raise interest rates again. When they do finally go up the market will have ended the FED.
Today, after the dismal jobs report, they were running around saying that QE3 (or following Apple's lead "The New QE") is likely coming soon, "just not yet". Markets popped hard on the news.
So let's review trading a centrally planned market. Good news is good. Bad news is much better because it means that markets will get their next massive dose of "monetary heroin" (as FED Fisher likes to call it).
And this is why I say it takes massive balls to short this market. If there is a slight down tick. The monetarist central planners go on a media blitz tour about how more printing is coming soon and the junkie starts drooling.
It's easy to get caught picking up nickels in front of the steamroller.
It certainly looks like volatility is back which is too be expected after each coma inducing QE, LTRO, or whatever the fuck wears off.
Pass me the phizzy please.
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