Today revealed again that anything that is viewed as anti-infltaion is great news as long 10-yr T-bond drops, and it dropped 7 cents, no less. .
It is hard to tell if we have what i call big fast trading in a major part or is it in the major part real buying.
That NDX was the strongest today, so i am thinking we had a lot of momo shorterm action on the bad retail number and T-Bond drop.
Which makes CoreCPI and CPI huge on Thursday morning.
I think if CoreCPI comes in at 0.1, the momos will run this very hard.If it came in at 0.3, market would sell hard.Just conjecture.
Bernanke did the market NO favors by signaling that he doesn't know what the Fed will do next and will base the decision on the numbers as they come.
We are at 3/14. and i haven't, myself picked up signalling.
I wonder if Bernanke knows how to signal?
He played his video game night and day.
The MAZE of Death.
But that is the game we all are in, the trick, don't believe it.Get above it all and imagine nothing is what it seems.Kill the machine.otraque