That is what the market believes even though all the pundits say otherwise. QE2 showed that Bernanke believes the only way to to save the economy is through inflation. Ironically there are only a few people in Washington who will…Continue Reading →
The stock markets are pushing higher this morning as optimism creeps back into the picture. As the market moves into the top half of it big trading range, 1251 to 1298 on the S&P it will be telling in terms…Continue Reading →
We continue to look for 2011 to be primarily a sideways trading year. Although the commodity highs for the year got a little extended, the main point is, if you bought something to date in 2011, chances are the end…Continue Reading →
Here we are providing a table of numbers for the markets we watch most closely, a combination of ETF’s and Commodities. The first calculation column is the percentage change from September 1, 2010, the announcement of QE2, and the start of the…Continue Reading →
Everyone who attempts to forecast a period of one year forward always says they are not sure why they attempt something that is basically unknowable but then go ahead and do it. I guess I am in the same camp. …Continue Reading →
Geithner warns of future interventionGovernment ‘may have to do exceptional things again,’ Treasury secretary saysBy Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) — Treasury Secretary Timothy Geithner warned that the U.S. government may have to take control of major financial institutions…Continue Reading →
While we will have a lot more to say the first week of January I do think that as a broad overview 2011 will be the year of the outside event. Unlike 2010 when the Fed controlled the market, other…Continue Reading →
It should be apparent to all of my readers that QE2 was not in my Macro view of the economy this past summer. In fact there were times in the early summer when I praised Ben Bernanke and I felt…Continue Reading →
During the night I awoke with a start, no it wasn’t Santa, he comes in a couple of weeks, no it was the realization that Bernanke is insane. To be nice he isn’t dumb, he was probably the type who…Continue Reading →
This is the day when Bernanke could moderate his approach and let congress and its Fiscal Policy carry the day. There is no question in my mind that QE2 and tax cuts for the wealthy will be what incites the…Continue Reading →