Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

FED' S KAPLAN SAYS HE'S NOT SO WORRIED ABOUT A FINANCIAL CRISIS, IMMINENT RECESSION DUE TO A STRONG CONSUMER SECTOR

Seriously??? Seriously!!! These yahoo's have no flipping idea what they are doing. Strong consumer sector? Did he not see the retail sales report this week that missed HUGE over expectations (and actually was down when you stripped out auto)? Or that the housing market is decelerating quickly for 6 straight months? Or how many other reports we can point to that show the consumer is doing 'decent', but not 'strong'? (Big difference in those 2 words IMO)

They are living in la-la land because unemployment is low...and refuse to acknowledge that their "way too late to the game" interest rate hike policy is now having a negative impact on the economy.

The piper is calling...and they refuse to pick up the phone. Frankly, I believe within the Fed they know they are behind the curve in raising rates...and are trying to do as much as they can to give them "some" room to lower and fight the next recession. But that's just me. SMH