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Ask Not What Your Fed Would Do To You, Ask What You… 9/30/22

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

  13 hours ago, bob O said:

So Doc, does that mean there was no one at the FED (or their seconds) hinting to these guys that they were waaay on the wrong side of what they were planning to do? I mean, if guys are all in cahoots, letting them blow up seems pointless if they’re gonna get a bailout anyway. Why not head it off before it gets there? Or was that the plan all along somehow?

Honestly, I try not to think about the Fed’s motivations, or what they might do.  Or why the Primary Dealers do what they do.

I think about what they do do. …

 

Sorry I couldn’t resist.

And now, back to our regularly scheduled programming.

Here’s the hourly chart of the ES, 24 hour S&P futures. It’s gravitating toward the upper portion of its downtrend channels, and the lower portion of its uptrend channel. I mean, I just have nothing intelligent to say about this.

What else is new?

So, we wait for the market to tell us something.

tvc_c5a8ba4c3b961871808d81815b138f59.png

36 minutes ago, Jimbo said:

The simple fact is over the last 10 years the bondholders have been fattened for the slaughter by feeding them all the low rate corn they wanted……

Then in 2022 the FED took out the axe…………

Speaking of fattening for the slaughter:

z36bb

Meanwhile, back at the big picture:

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