The Fed and Treasury appear to be attempting to blow a bubble in US equities. Considering that it has little underpinning it, on a significant event it could fold rather handily. Still, better to stay out of their way while they try to print their cronies way to prosperity while beggaring the many, and of course, their bondholders.
"Then the kings of the earth, the nobles, and the military commanders, the rich and the powerful, and all the rest who served them hid in caves and sheltered among the rocks of the mountains. And they implored the mountains and the rocks, 'Fall on us and hide us from the face of the one who sits on the throne, and from the wrath of the Lamb. For the great day of his wrath has come, and who then will be able to stand?”
Revelation 6:15-17
09 December 2010
SP 500 and NDX December Futures Daily Charts
The Fed and Treasury appear to be attempting to blow a bubble in US equities. Considering that it has little underpinning it, on a significant event it could fold rather handily. Still, better to stay out of their way while they try to print their cronies way to prosperity while beggaring the many, and of course, their bondholders.