Afternoon Delight 04/18/12 - The Wheels Are Falling Off

OK, first review this video and then we'll review this blog's presiding theme for at least the past year.

Bob Janjuah Dismisses Central Bank Independence Amid Monetary Anarchy | ZeroHedge

I have no clue about the 1500 talk, but with this centrally planned and wholly manipulated market you can not discount the possibility especially with the market being all there is left between the government and total anarchy in this nation and in an election year.

For more than a year STB has been on the crash to get QE3 (and another short squeeze) call. Recently I have been looking for the standard 15 to 20% corrective when Twist ends and that will be followed by screams and demands for QE3 or some sort of intervention to raise the markets into the elections regardless the consequences. Bob discusses 1300 and mid 1200's which have been mentioned here very often recently with my possible low of 1170. I get tickled when the experts come to where I have been for some time.

Daily SPX - See Bob's 1300 and mid 1200 (1260 to be exact) targets on the chart? You can then move to 1220 and then my 1170 target as well.