Gee Ben, when are you going start buying treasuries so you can force mortgage rates down?
Poole says costs of Fed buying Treasuries outweighs benefits
I think I hear a bubble starting to pop.
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350zCommtech's Account Talk
- Thread starter 350zCommTech
- Start date
Poole says costs of Fed buying Treasuries outweighs benefits
I think I hear a bubble starting to pop.
350zCommTech
Well-known member
Ben is an idiot and he is out of bullets.
Gumby
Active member
The bubble is starting to hiss.
The FED buying treasury bonds will be a disaster and ultimately ruin the value of the dollar. What are they going to do.......print more money to buy these bonds? Just look at what bond yields did today. There is no way the government can spend us out of this mess without severe ramifications in the future......but they are going to try.
350zCommTech
Well-known member
They're down now but just a little.
Yeah, the bond market has Ben bent over right now.
350zCommTech
Well-known member
Yes, they are. What do you think Ben is thinking right now? :laugh:
I'm sorry folks. But I want this market to dive..dive..and dive....
The idiots think they are in control. They have no F@#$@$$% idea what they are doing.
I want to see all Wall St. #$%#%@#$% JUMP!!!!!
Frixxxx
Moderator
Agreed, this market needs the final correction to take place and stabilize. These moods swings in the market are now 99% emotion and greed. I'm trying to determine if I'm reading market data or an EKG.Yes, they are. What do you think Ben is thinking right now? :laugh:
I'm sorry folks. But I want this market to dive..dive..and dive....
The idiots think they are in control. They have no F@#$@$$% idea what they are doing.
I want to see all Wall St. #$%#%@#$% JUMP!!!!!
Before we can heal, we must mend the wounds. Bernanke is not the cure and his bandaids keep slipping off.
350zCommTech
Well-known member
350zCommTech
Well-known member
Wednesday was an island top. Extremely bearish formation. The flood gates open on next Friday's UNemployment report.
Check out the MACD on this chart. Equals = down we go.
Will probably take out the "November low" on this move.
350zCommTech
Well-known member
Wednesday was an island top. Extremely bearish formation. The flood gates open on next Friday's UNemployment report.
I agree.
Here's the NDX.
View attachment 5578
Gumby
Active member
Wednesday was an island top. Extremely bearish formation. The flood gates open on next Friday's UNemployment report.
Possible head and shoulders pattern with a potential break to the downside???
Head and shoulders are better determined by the weekly chart over the course of at least 6 weeks.
All I can say is 500,000 TA monkeys are watching SPX 830. If that goes we flush today. If it holds we bounce into the close today.
Agree. I thought the give away was when the MACD failed to make a higher high during the late Dec / early Jan rally, when the S&P did make a higher high.
