Jump to content

2 in a row for the bears!


Recommended Posts

  • Replies 51
  • Created
  • Last Reply

Fed official mulls early end to bond-buying plan

 

WASHINGTON (AP) -- A Federal Reserve official said Wednesday that he may push for an early end to the central bank's $600 billion bond-purchase program if inflation shows signs of spreading.

 

Charles Plosser, president of the Federal Reserve Bank of Philadelphia, is an outspoken critic of the program, which is slated to end in June.

 

In a speech to business people in Birmingham, Ala., Plosser said he "would not rule out" pressing the Fed for an early end to the program if the economy grows more strongly than anticipated and inflation picks up too much speed.

 

 

http://finance.yahoo...2&asset=&ccode=

Link to post
Share on other sites

Fed official mulls early end to bond-buying plan

 

WASHINGTON (AP) -- A Federal Reserve official said Wednesday that he may push for an early end to the central bank's $600 billion bond-purchase program if inflation shows signs of spreading.

 

Charles Plosser, president of the Federal Reserve Bank of Philadelphia, is an outspoken critic of the program, which is slated to end in June.

 

In a speech to business people in Birmingham, Ala., Plosser said he "would not rule out" pressing the Fed for an early end to the program if the economy grows more strongly than anticipated and inflation picks up too much speed.

 

 

http://finance.yahoo...2&asset=&ccode=

 

 

Soooo, let's see.

 

You have an article in the WSJ blaming the Fed for the turmoil in the mid-east

 

http://online.wsj.com/article/SB10001424052748704657704576150202567815380.html?mod=googlenews_wsj

 

Another Fed Governor basically saying that it's time to break up the banks...

 

http://www.kansascityfed.org/publicat/speeches/hoenig-DC-Women-Housing-Finance-2-23-11.pdf

 

And the above referenced link hinting to an early end to QE11. All on the same day. Smells like trial balloons which means the Fed is starting to send a message.

 

No?

 

Nothing happens in a vacuum.

Link to post
Share on other sites

Soooo, let's see.

 

You have an article in the WSJ blaming the Fed for the turmoil in the mid-east

 

http://online.wsj.com/article/SB10001424052748704657704576150202567815380.html?mod=googlenews_wsj

 

Another Fed Governor basically saying that it's time to break up the banks...

 

http://www.kansascityfed.org/publicat/speeches/hoenig-DC-Women-Housing-Finance-2-23-11.pdf

 

And the above referenced link hinting to an early end to QE11. All on the same day. Smells like trial balloons which means the Fed is starting to send a message.

 

No?

 

Nothing happens in a vacuum.

Nice forensics. I think you're spot on.

Link to post
Share on other sites

Are there any bears alive to actually ride it down?

 

What am I...chop liver???

 

 

For the week..i rode NQ down for +45 points.

NQ up for +10...

ES down for +6..

TF down for +8...

TF up for +1...

 

At the peak last week i was down a nice -45 points on those NQ short...but i saw this decline...i really did. :)

Link to post
Share on other sites

Nice forensics. I think you're spot on.

 

 

Tanks, the pieces are out there if you look.

 

Doesn't mean we can't rally back to one more marginal, divergent high but I think this last few days was a sea change in favor of the bears.

Link to post
Share on other sites

I got the 'MAD' sell signal across all 4 indexes today.

Might get an half ass bounce again in the morning tomorrow.

 

I didn't! My stuff was saying we needed another week before we headed down...I missed it by just a smidge...

 

post-1110-12984990239719.jpg

Link to post
Share on other sites

Soooo, let's see.

 

You have an article in the WSJ blaming the Fed for the turmoil in the mid-east

 

http://online.wsj.com/article/SB10001424052748704657704576150202567815380.html?mod=googlenews_wsj

 

Another Fed Governor basically saying that it's time to break up the banks...

 

http://www.kansascityfed.org/publicat/speeches/hoenig-DC-Women-Housing-Finance-2-23-11.pdf

 

And the above referenced link hinting to an early end to QE11. All on the same day. Smells like trial balloons which means the Fed is starting to send a message.

 

No?

 

Nothing happens in a vacuum.

 

Yeah, perhaps the Fed & friends have decided to use the market to demonstrate the need for more QE. And the need to be nice to the banks and not break them up, because we need the banks to be whole to be the driving engine of our recovering economy-- or maybe it's just that the banks will crash the market totally, to get revenge on citizens, if we decide to break them up.

 

"Stick 'em up! Don't move or your 401K gets it."

Link to post
Share on other sites

Soooo, let's see.

 

You have an article in the WSJ blaming the Fed for the turmoil in the mid-east

 

http://online.wsj.co...=googlenews_wsj

 

Another Fed Governor basically saying that it's time to break up the banks...

 

http://www.kansascit...nce-2-23-11.pdf

 

And the above referenced link hinting to an early end to QE11. All on the same day. Smells like trial balloons which means the Fed is starting to send a message.

 

No?

 

Nothing happens in a vacuum.

 

Yes,I 100% agree......

 

They are going to see what the reaction is to all of this "news".

Link to post
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Guest
This topic is now closed to further replies.
  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    No registered users viewing this page.

  • ×
    • Create New...