pogohere,
I did not expect anything to actually be announced by the G20. My expectation is that the dollar might get a little bump before the meeting, as that seems to happen a bit more often than chance. I think Timmy and Ben like to point to the Dollar chart and say, "but hey, the uptrend has started" <g>
quotes.ino.com
Since this is a 20 monkey meeting, it is 2 times more important than an 8 monkey meeting, thus they started with the false Dollar rally this past Thursday. And since our market is basically nothing but an inverse play on the Dollar, that could make for an interesting week. I do not think "trillions" are waiting on the sidelines to buy, but rather sell. So if the machine allows a crack, how much water gets though.
Next week could be interesting.
Oh yea, Fed Head clowns meet and inform us that:
1. Things are good, but they won't appear good, so "believe baby, believe (like Santa or the Easter Bunny)"
2. We see good stuff, but you know, we are going to keep doing QE and keep rates low for a long time (long time in this context meaning forever, or longer than your lifespan...unless someone makes us stop...which would be a now extinct life form called a bond vigilante...or maybe our new boss, China).
3. We saved the world, again.
I could go on, but viewers want fresh content.
GT
TH |
