DrStool Posted February 4, 2022 Report Share Posted February 4, 2022 They held an overnight rave in the Amazon rain forest last night. Sweat soaked revelers collapsed in drug addled stupor as the sun rose in the east. The party was no more. That said, the 5 day cycle projection of 4458 on the S&P 500 ES futures currently is all but hit. Look for an uptick this AM. Meanwhile, the big picture: Don’t Be Fooled, The Economy is Still Growing And Still Bearish Gold is Clueless Just Wait Till Next Week! Stampede of Short Chickens Has Bulls Sniffing Something Now We Reap the Whirlwind of the Fed’s Malfeasance If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Link to comment Share on other sites More sharing options...
Jimbo Posted February 4, 2022 Report Share Posted February 4, 2022 THE FEDS REAL MANDATE I know I know price stability and employment and all that...the written mandate. But what is its real mandate???? It's real mandate is to bail out excessive Government spending through the money printing/inflationary mechanism. The FED has created inflation to bail out the US Government expenditure from 4 wars. 1/WW1......5 years over 5%. 2/WW2......6 years over 5%. 3/Korean War.....1 year over 5%. 4/Vietnam War.....12 years over 5%, This is a very old play book.....nothing new. Link to comment Share on other sites More sharing options...
Jimbo Posted February 4, 2022 Report Share Posted February 4, 2022 NEW ETF SUGGESTON Where is the 100 Year Bond Short ETF The Austrian 100 year can go in...pity the Argentinian 100 year is no longer around. Suggested name for marketing purposes. The Weimar Bond Reverse ETF. Link to comment Share on other sites More sharing options...
sandy beach Posted February 4, 2022 Report Share Posted February 4, 2022 Excluding the confounding factor of older workers retiring, we see the prime working age participation rate (aged 25 to 54) has recovered much more rapidly than most had expected and continues to surge. Link to comment Share on other sites More sharing options...
Mkucstars Posted February 4, 2022 Report Share Posted February 4, 2022 If you pay them they will work. Link to comment Share on other sites More sharing options...
Mkucstars Posted February 4, 2022 Report Share Posted February 4, 2022 Canada lost 200k jobs. ADP says we lost 300k. Gov says we gained 400k. They never lie, right? Link to comment Share on other sites More sharing options...
DrStool Posted February 4, 2022 Author Report Share Posted February 4, 2022 1 hour ago, Jimbo said: NEW ETF SUGGESTON Where is the 100 Year Bond Short ETF The Austrian 100 year can go in...pity the Argentinian 100 year is no longer around. Suggested name for marketing purposes. The Weimar Bond Reverse ETF. 😄😄😄 Link to comment Share on other sites More sharing options...
MisFit Kid Posted February 4, 2022 Report Share Posted February 4, 2022 50 minutes ago, Mkucstars said: Canada lost 200k jobs. ADP says we lost 300k. Gov says we gained 400k. They never lie, right? "Seasonal Adjustments" in the US Gov Number of 400K. Link to comment Share on other sites More sharing options...
DrStool Posted February 4, 2022 Author Report Share Posted February 4, 2022 53 minutes ago, Mkucstars said: Gov says we gained 400k. That's actually close to accurate for a change. They had to adjust for a recent string of undercounts. This month was catch up time. It's consistent with the tax collections. It's not dishonesty. It's that their sampling and statistical adjustments include seasonal are total garbage. Then they fit the data to reality over the next couple of revisions and 5 years of annual benchmarking. Don’t Be Fooled, The Economy is Still Growing And Still Bearish Link to comment Share on other sites More sharing options...
Jimi Posted February 4, 2022 Report Share Posted February 4, 2022 Heh! Look! Virtual beanie-baby nonsense pretend money reclaimed the $40K level! Link to comment Share on other sites More sharing options...
MisFit Kid Posted February 4, 2022 Report Share Posted February 4, 2022 And the Rave is back on........ Link to comment Share on other sites More sharing options...
MisFit Kid Posted February 4, 2022 Report Share Posted February 4, 2022 Did AMZN report earnings again? It worked last night........ Or is just Flo-Bot working her Friday magic. Link to comment Share on other sites More sharing options...
DrStool Posted February 4, 2022 Author Report Share Posted February 4, 2022 Here we are. Yet another moment of truth. Link to comment Share on other sites More sharing options...
DrStool Posted February 4, 2022 Author Report Share Posted February 4, 2022 1 hour ago, Jimi said: Heh! Look! Virtual beanie-baby nonsense pretend money reclaimed the $40K level! Bullish. Unless it reverses here. Link to comment Share on other sites More sharing options...
DrStool Posted February 4, 2022 Author Report Share Posted February 4, 2022 Dewey Correlate. BTC overlaid on ES, 2 hour bars. What can we learn from this chart? Now 1 hour. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.