Because of yesterday's debt rant (Total Despair), I got a little behind on the AD links. Today you get AD extreme. I'll try to keep commentary limited. Enjoy!
Market News -
STB has liked 1040 as an SPX target since the June top. I always appreciate others looking in that direction (and if the Fed would just get out of the way). The Cost Of Recoupling: 235 S&P Points | ZeroHedge, looking at 1050 fair value based on the EUR/USD.
Intervention? Nah, no country would just print money and dump it on the markets just to prop things up to make things look better than they really are, that's silly. Well, is it really? Bank Lending, M2 Money Supply Soar in China; Premier Wen Jiabao calls for "Measures to Boost Confidence in Stock Market"; US vs. China Money Supply - Who is Printing More? Mish's Global Economic Trend Analysis
Showing posts with label Eurozone default china debt. Show all posts
Showing posts with label Eurozone default china debt. Show all posts
Wednesday, January 11, 2012
Thursday, October 27, 2011
Afternoon Delight 10/27/11, SPX
Well, wasn't that nice. A 340 up DOW day that defied all logic and expectations. Nothing like the EU selling their soul to CHINA of all places to rally the markets. Nothing like an act of hopium that destroys the future of nations to cause the markets to move up like the promise of tomorrow is better than anytime in history. To those that know the math does not work and are constantly aggravated by the corruption and lies, all I can say is food, seeds, guns, ammo, silver and gold. They keep adding nails to the coffin and at the rate they are moving the last corner is coming fast (it is already sealed to the point that they can't get out).
OK, now here is where we get into the death of the dollar, nationalization or protectionism, and the potential catalyst for WWIII. Wait a minute, Shanky how did we get to this point overnight? Simple, the Fed told the EU to get its shit together. It couldn't, so they went to the devil to make a deal instead of totally collapsing.
OK, now here is where we get into the death of the dollar, nationalization or protectionism, and the potential catalyst for WWIII. Wait a minute, Shanky how did we get to this point overnight? Simple, the Fed told the EU to get its shit together. It couldn't, so they went to the devil to make a deal instead of totally collapsing.
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