CA is rising back toward $60 Cause FED "rate hike" bullets used up....at most the Fed only has 50 basis points left in its gun, if it shoots the last shot, it is DEAD RED. Therefore the FED, in order to be able to use its rate hiking ability, and preserve any INFLUENCE or CREDIBILITY it has needs to save those bullets, at least the last 25 basis points (0.25% rate hike "bullets"). Otherwise pure and simple MARKET COMPETITION enters in, no bank needs to "BORROW" from the Federal Reserve when it can get the "CAPITAL" and "CASH FLOWS" directly from its own large corporate customers....or from the Europeans, thus the lower "EURO" floods in. The FED is done or just about totally done, i.e. FED DEAD RED. That's why the markets are recovering, we have tripled bottomed, and the markets are in SUMMER RALLY MODE, including CA.
I am,
Truly your$,
-Crystal Ball |
