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.
"Go now, write it on a tablet for them,
inscribe it on a scroll,
so that in the days to come
it may be a witness to them, for ever and ever.
For these are a rebellious people, deceitful children,
unwilling to listen to the instructions of the Lord.
They say to their seers,
‘Do not see!’
and to the prophets,
‘Say nothing of what is right!
Tell us only things that please us,
prophesy illusions."
Isaiah 30:8-10
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.