It seems the market believes that the infamous “Greenspan Put” is now back in the form of the “Bernanke Put”. What the term refers to is essentially that the FED will support whatever it takes to keep the market-makers in control. …Continue Reading →
We see the FED still trying to play up the QE2 talk for Wall Street. Huge bets have been placed in long bonds, gold, commodities, and speculative stock market positions which will unravel if the FED does not help them…Continue Reading →
Todays action in the short-term interest rate sector as represented by ETF SHY is at minimum a shot across the bow. While our computer based trend programs have not turned yet, a close of 84.37 or lower would be an…Continue Reading →
What does that mean? To me it means most of the undecided voters are on the left. My guess is that when push comes to shove, 75 % will go Democrat in the ballot box next week. It could be…Continue Reading →
There is no question that the dominant factors since this market rally started on September 1 are the election and QE2. The sentiment is strongly for big Republican gains and a forceful QE2 posture. Whether or not these positions are ratified…Continue Reading →
From Reuters: Chinese leaders have warned before that loose monetary policies in the United States pose a serious challenge for emerging markets, but rarely in such strident language, a window onto the rising anger in Beijing. “The dollar’s depreciation may…Continue Reading →
These are todays business headlines at Reuters: Somebody needs a head exam, and it is probably Lockhart. China surprises with first rate rise since 2007 Fed’s Lockhart: Quantitative easing must be big Geithner vows U.S. will not devalue dollar
The dilemma of what to do. While we wait for the mid-term elections and watch the QE2 debate maybe this article in yesterdays NYT provides a good background. http://www.nytimes.com/2010/10/17/weekinreview/17segal.html
Who will be the last Treasury Bond buyer in an environment where the seeds of inflation are being sown? Ben gave us the answer today. What that means to me is that I wouldn’t want to be the last bond…Continue Reading →
We all know the supposed economic issues weighing on the dollar with the Fed direction being number one. What I would like to review today is my current view on the dollar from a partisan political standpoint. To me the…Continue Reading →