you wrongly assume the Fed is in control
they are not
they are caught in a box and are without policy leadership
they are at the end of the road with a high dollar, high stock valuations, low interest rates, and easy money
as you claim, any arguments as to why either go over your head or are dismissed as irrelevant
if the market is following the Fed Pied Piper, then they do so at great risk
the widening profit margins are with hard assets, not financial assets
this trend is not likely to be altered
absolutely no capitulation by the bulls yet, after all this time
they still have wet dreams over halcyon days of yore
the Fed cannot raise rates
the dollar is now proclaiming GreenSpasm's lack of control of the situation
or do you dismiss this development since January?
the gold eruption will display to all how outofcontrol they are
we had a one-day massive stock short covering rally typical of bears
it also is a delayed spring rally, as occurred in April 2001
you vacillate in your view
a week ago you say gold will leap higher
now you say it is a gold trap
why not admit the truth?
YOU HAVE NO IDEA ON MACRO-ECON FORCES, JUST LIKE AUG2000
today marked a bear rally in the USdollar
the dollar rally started before NYSE opened for trading
S&P futures coincided overnight
you know, the dollar which the Fed can write unlimited checks for?
and has written unlimited checks for?
endlessly? without consequence? to fix all problems?
THAT IS THE PROBLEM
the $22 trillion currency market has a big voice
time capsule, time capsule... what a load of crapp
your supposed time capsules mask superficiality
this stock market was wicked oversold, near limits
and more importantly, so was the USdollar
that is not a misprint: $22 trillion currency market
the ultimate veto on misguided policy
/ JW |
