Here they are, this is the PPT. I don't feel like a terminator.
Right now they are completely in charge, since libor spread
indicates liquidity is plentiful and the Fed is pushing
and pushing it in (they feed off of it and push
the market HIGHER, it's AUTOMATIC and NOT earnings-dependent).
The US stock market starts trading like
a market only when liquidity evaporates. It's invincible now.
The darn robots are holding it.
This is basic derivatives Ponzi market dynamics. When liquidity
evaporates, the robots short circuit and we have a systemic
meltdown. Prepare for wash, rinse, repeat in the coming years -
err, more meltdowns and mysterious inflationary recoveries.
Overall, waves of deflation and inflation. A meltdown
won't happen until the Fed starts fighting (hyper)inflation it
created, or the dollar starts slip sliding away quickly, which
is about to happen. No, not the Fed fighting inflation, the
dollar slip sliding away.
minyanville.com
Natural gas fell well below its natural value, or so I think,
which represents an opportunity. So, I am watching it, and
writing some poots with spare cash and nothing else to do... <G> |
