I expect a huge rally today. Treasuries being auctioned off,
the Fed will print a lot to buy them. More $$$ to prop stocks.
The terror alert is already on to get more foreigners to buy
treasuries, and have an excuse to print. The coupon pass is
coming. Da boyz are aware of it, and are front running it
to sell more mergers and companies loaded with toxic debt
to the suckers. Bears are doomed. You have to time
the banks and options market makers buying and selling SP
futures, cause there is no market anymore. No free market
anyway. The only market is arbitrage, to align the Fed futures buys
with cash, which is why we have 90% computer
trading volume on NYSE.
I think it's the dollar that will go to zero, for
precisely this reason. When the Fed, banks, etc. have a big
corruption going what suffers most is the currency. I
expect $1,000,000 today worth less than 1c by 2010. Once
foreigners start unloading the toxic USD debt, interest
rates will spike, and the Fed's printing will no longer work,
as it will lead to more selling of USD debt, and spiking LT
rates. Have to keep the Ponzi game going. |
