Crude has taken back half of my profits from the crude short put on yesterday. Stock indices just completed a 5 up from this morning's low. I'll cover the SP short on an expected pullback.
I look on the dollar, crude, and the stock market reflecting the same impulse. Is the manic reflation the government is attempting going to result in lending and economic activity or not? The government can't understand why all they have done is not creating jobs. To them flipping burgers is a job like a factory line worker. The stock market, gold, crude, and the dollar have been reflecting the hope that something will eventually come of it. 2 years of worldwide record low rates, stim programs, bailout spending, bad debt purchases, and bond buying have not taken effect. So now, the markets expect another round of it and the Fed has been indicating that it will provide more QE. But will it?
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