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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Equities Are Up
Equities are up in the face of a BAD jobs number, indicating a slowing economy. Which portends a FED interest rate cut. How can that be? What perverse Alice In Wonderland logic is at work here?
The answer is simple, the world is living under the Dictatorship of the FED and other Central Banks since the FED launched QE3 in September 2012. Equity action this week once again proved the validity of that reality.
THE Sp500 will once again test its old high of 2945. Once it crashed through 2800 it was cocked and loaded. As usual the only caveat is if a Black Swan event occurs.
What is not to understand about this equation?
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