Those Fed guys are so funny.
What a bunch of bullshitters.
Bull or Bear Market? Who cares what they call it? The idea of an “official” bull or bear market is not only insane, it’s just plain stupid.
Here’s the only thing that matters.
What happens this week could tell us whether we’re in a bull or bear market.
As of 4:15 AM ET on Monday, virtually all of Thursday’s market gain has been wiped out. The S&P futures were trading at 2742, which would put the S&P cash index back below the centerline of the trend channel. Bears would have a foothold, but it’s where Monday finishes that matters, not where it starts.
Here are the critical parameters and levels you need to know to be positioned correctly.
Lindsay Williams interviewed Lee about the market meltup. Lee warns that the Fed’s money printing may work, but with horrendous unintented consequences.
Federal tax collections are collapsing but the US Treasury now has $827 billion in cash in its bank account at the Fed. This is double…
Central banks will print a lot of money and keep cash interest rates at such low levels that they will have negative real returns and negative returns relative to assets that behave well in times of reflation.
The Fed has cut back on its outright Treasury purchases. But the Treasury is still pounding away at the market, flooding it with enormous amounts of new supply day after day.
This should be bearish, but so far it hasn’t been. Here’s how that could change today.
Today’s Fed action effectively drains funds from dealer accounts and from the financial markets and tomorrow will be more of the same.
This short term trendline is the magic 8 ball for gold’s outlook. Subscribers, click here to download report. Try Lee Adler’s Gold Trader risk free…
Treasury issuance will go through the roof over the next 5 days while the Fed has decided to cut back its support. That’s a bad combination.