Wednesday, December 12, 2012

Morning Charts 12/12/12 SPX /ES

Numerology day! 9 days till the 21st and 13 days till the fat guy comes down the chimney. Are you ready? Oh, and the FOMC meeting today is kinda a big deal.

So just how well is that global economic recovery going? Maybe Baltic Dry Plunges By Over 8% Overnight, Most Since 2008 will give you a hint. Oh, and in relation to the SPX - you tell me where reality exists and does not.

SPX - BDI Weekly -

Not much else to say this morning. Not gonna waste my breath ahead of the FOMC. To ease or not to ease (yet) is the question. Debt upon more debt is the only solution to anything at this point.

Minis 60m - Tinkering with my max 1432 area. Just gotta wait on the Fed to see what's gonna happen.

Let me add that for those of you not feeling so Christmasy this year, you can thank the Fed. For those without a job, pay cut, overloaded with debt, house underwater, economic destruction, unsustainable debt, you name it, it all reverts back to Allen Greenspan and the Fed. Scrooge, Grinch, call them what you will.

If you are feeling down blame the Fed and get over it. The reason for the season is not "packages, boxes or bags". "Perhaps it means a little bit more." It sure as heck does. This is one big darn birthday party to celebrate baby Jesus. Get your priorities in order and remember the reason for the season and friggin enjoy it.

I heard this one last night and thought it was perfect for this time - "But what would happen if we all tried to be like Santa and learned to give as only he can give: of ourselves, our talents, our love and our hearts? Maybe we could all learn Santa's beautiful lesson and maybe there would finally be peace on Earth and good will toward men. "

Santa Clause is Coming To Town

Merry Christmas and Happy holidays!

GL and GB!

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