DOW 18,000 ?
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Re: Yesterdays interview of John Bullard by Bloomberg :
http://www.fxstreet.com/analysis/daily-world-market-update/2014/10/17/
As soon as we started to see these latest ructions, we believed that it was only a matter of time until a research note or comment on additional monetary stimulus was published. As we said on Wednesday, with the Fed stepping off the bond buying stage by closing off its QE plan at the end of this month, we have to wonder just how rates would go before intervention from the central bank. Yesterday, Federal Reserve member Bullard told Bloomberg that the Federal Reserve ‘should consider a delay in ending quantitative easing’.
There are a lot of things that are surprising about that statement. Possibly the most surprising is that it has taken only two days of volatility to take a member, albeit not a voter this year or next, of the most powerful central bank in the world to feel the need to raise the prospect of a reversal of 11 months of policy. We have to remember that the tapering of asset purchases from the original level of $85bn a month is nearly complete; the Fed is currently only spending $15bn a month on treasuries and mortgage backed securities at the moment.
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Just 2 days of volatility ?......Like, try about 12.
Regardless, even just 12 days (of chart breakdown action), is/was all that it took for the Feds to start appeasing....Lol - them bleeding skags....How terrified they've become of 200 day sma's !
Oil stocks made this bounce very predictable.....
This post from yesterday :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107264599
However, what was disturbing (and even disruptive) happened to be this :
Figures....
This is their S&P 500 chart ;
Indeed. they pulled the same stunt on this day (8 days ago) :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106830118
Next day : Lol
Yesterday I postulated this : http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107045542
With this chart as one of that posts key features
And then came the next day, I mean like, c'mon ! (evidently we don't need to be geniuses huh ?)
Plus hey back in June I posted this :
Clearly that 10,000 was a veritable hoax !
Are the tycoons that're controlling this stuff like eleven years old ????
Because they seem to be more predictable than a Dick and Jane book.
It may be that this post truly merits revisiting because it's chart update now looks like this :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107015928
Hmmmm, why suddenly gasoline prices are falling !
And isn't that convenient ?
"Gotta get some money into Joe-Six-Packs' hands !" (it seems like some people decided)
Plus, "Hey ! Maybe they'll even put some dough into stocks !"
Just keep tracking of the ole' Nikkie 16,000
Using these 2 charts especially :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106354510
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106968924