FOMC Fed rates at 3.75% is still 75 basis points TOO HIGH for OPEN CARRY and without OPEN CARRY there is no growth of liquidity, that is, recreating the $10 Trillion Dollars Greenspan destroyed in the global markets so far. Watch 2 year Treasury Notes, The Saudiis will start dumping them soon enough. Europe, and the EURO DOLLAR will not budge as predicted, the GE HON merger death is the first shot of a world TRADE WAR, predicted now almost 2 years ago by yours truly. Greenspan is a complete failure and should resign. Do not forget, today's rally is due to MSFT not getting broken up, and from key tech stocks, like PALM beating the street, while OIL and Drug stocks, as predicted start to fall and a mad rush out those doors, creates a rotation back into technology, the ONLY GROWTH SECTOR.
I am,
Truly your$,
-Crystal Ball |
