Bill; S&P500 is in a trading range 1260 to 1220, the only way I'll call it is if she breaks out of that, OR if CreemSpam does
what he did on the 7th and 8th, and removes liquid.
She is liquid driven right now, ( every one has forgot LTCM )..
Spam is helping out his investment banker buddies, as soon as
they get clear and I don't know when that will be, but then he
will try to ease the money spigot down.
His buddies really got him in a bind, but latter on he can blame
it all on irrational exuberance.
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So right now I think most things hang on
biz.yahoo.com
The cost of fair value is tied to that, the pressure is on
for him to drop rates again, he don't want to but may
feel he has to. The dollar is still sick, in fact you could
buy march futures yesterday for 94.74 cents, would you give
me 95 cents if I promised to give you a dollar back
come march. I wonder how much more sick it will get if he
cuts rates again.
I warned about a falling dollar months ago, and all the hell
it would bring, well the hell isn't here yet but it's on the
way.
I suppose with inflation , ( and we are going to get some ) that
stocks will inflate with it, at least to some degree.
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Lets just tell GreenSpam to give the IMF all our tax money and get
it over with, send it all to Brazil, and I'll go down there
and live, ( I really like Brazil ) but don't think investing there
is worth a crap, ( unless you want to live there. )
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Right now 1260 to 1220 range , or a fall if he skips running up
the national dept with repos for more than 3 days.
You think buyers are running the market up, nono it's tax payers
via a network of derivatives via hand outs to the investment
bankers via velvet jaws, all being hid in the national debt
as they talk about a surplus..
Clinton has been kept so busy covering his arss and zipping
his pants he don't have any idea of what's going on.
But then again none of the Republicans do either, they just
buy into the idea that Daddy GreenSpam will take care of them
and the country.
Jim
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