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.
"Where such a shift in power is in favor of the governing elite, Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse. Most state sponsored murder occurs under the cover of war, revolution, or guerrilla war, or in their aftermath."
R. J. Rummel
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.