Heh, ya gotta love the Fed, our “Trusted Central Bank Pigmen”.
For, as being reported all over the place, including here:
…our illustrious Money Manufacturers let 1.2 million fiatscos–in one-hundred dollar bills–“go missing” from a flight from Switzerland.
It turns out, according to the article, that 48-million bucks was on that flight, bound for JFK. Yet, somewhere along the way, somebody cut a hole in the cargo hold and made off with fistfuls of the freshly-flung fiat.
(Spock Conclusion): Notwithstanding the ineptitude of who ever was in charge of “Security”, my questions are threse:
What was 48-million fiatscos doing on that plane? To whom did it belong? Why was it being shipped from Switzerland–a known tax haven–to the NY Fed?
Inquiring Spocks wanna know…
In any event, if they can’t even keep tabs on a measly few million fiatscos, then how can we trust these P-Men to lord over 3.4 TRILLION of them?
Last week’s selloff did less damage than it may have felt like. The drop stopped in the area of 3 crossing uptrend lines, ranging in length from short term to long term. Here’s what would tell us whether the uptrend is still in force, or signal that something evil this way comes.
I have added 8 new stocks to the swing trade chart pick list, including 2 shorts.
These reports are not investment advice. They are for informational purposes, for a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.