econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

Keynesian Fed’s Stick Heads Up Orifice And Markets Rise

admin by admin
9월 18, 2013
in 미분류
0
0
SHARES
0
VIEWS

Written by Gary

Closing Market Commentary For 09-18-2013

My personal opinion, for what it is worth, is that the Fed’s are a totally irresponsible bunch of Keynesian scholars that have their heads up their butts. No one group of unelected people have done so much to ruin the US dollar, raise the debt and jeopardize the economy than the US Federal Reserve.

By 4 pm just about every major large cap average made a new historical high and left gaps galore, not a bullish indicator in the long run. Quite surprising to say the least.

Today’s market action will reverse itself shortly as this incomprehensible action of continuing QE only serves the HFT computer gang and the fat cat bankers. Eventually, the populous of the Nation will be the ones that suffer as they will be the one that have to pay off this Herculean debt – sad, very sad.

These goofballs and clowns that report to no one, had the chance to bow out of this gracefully, somewhat anyway, but blew their chance spectacularly at the expense of the poor and middle class.

I wrote last week that the forming triangle comes to a tangent somewhere between March and August 2014. The SP500 price target of 1950 mentioned in the blurb below is still in the rising triangle and the breakout may come sooner rather than later, even the CBO says this debt is unattainable.

Bernanke’s S&P500 Year End Price Target: 1,950

With the Taper now off the table, and with the next earliest probable discussion of a Taper at the December FOMC meeting if then even, Bernanke – who may now stay have no choice but to stay for a third term – has decided to reflate the bubble to end all bubbles, along the lines of what we speculated may be the case in “Bernanke’s Helicopter Is Warming Up“, it is worth refreshing what Bernanke Asset Management’s year end stock market target is.

As a reminder, back in April we highlighted that in a world of central planning the only relevant thing to risk assets is the size of the Fed’s balance sheet, and since there will be no change in the rate of ascent, we can once again repost what we showed nearly 6 months ago as to where the Fed believes the fair value of the S&P500 should be. The answer: 1,950 or bust.

The DOW at 4:00 is at 15677 up 50 or -0.33%.

The SP500 is at 1701 up 147 or 0.95%.

SPY is at 173.02 up 2 or 1.16%.

The $RUT is at 1077 up 11 or 0.99%.

NASDAQ is at 3784 up 38 or 1.01%.

NASDAQ 100 is at 3231 up 40 or 1.27%.

The longer trend is up, the past months trend is bullish, the past 5 sessions have been positive and the current bias is positive.

How Oil Really Gets Priced

WTI oil is trading between 107.69 and 104.76 today. The session bias is positive and is currently trading down at 107.27.

Brent Crude is trading between 111.06 and 107.64 today. The session bias is positive and is currently trading down at 110.58.

Gold fell from 1367.22 earlier to 1291.73 and is currently trading down at 1364.20.

Here’s why copper has lost its indicator role

Dr. Copper is at 3.320 rising from 3.206 earlier.

The US dollar is trading between 80.29 and 81.37 and is currently trading down at 80.31, the bias is currently sideways.

To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

[email protected]

 

Written by Gary

 

Previous Post

What We Read Today 18 September 2013

Next Post

Is the Sell Signal Still Valid?

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

Is the Sell Signal Still Valid?

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect