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A Shell Game?


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be quick to cover

 

robots will soon be back to buy. :P

Tomorrow might be a flat-to-slightly up day.

 

But I don't sense that the dip is over yet.

 

Another shoe needs to drop.

I agree M.H. I see 995-1000.

A lot of time frames converge 995-1000 area.

I'm glad you agree K wave. :)

ADBE earnings and tomorrow's eco news might provide reason to get there

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Facts about Federal Government spending

 

The Federal Government borrows every cent it spends...then taxes are used to pay off the short term treasuries...Long bonds service long term deficits

 

The FED buys every treasury the Government issues with Federal reserve checks

 

Treasury auctions are used to give the appearance that the public is involved...

 

Do you really think the Government is at the mercy of bond speculators?

 

If an auction is not doing so hot then the major money center banks get loans from the fed to buy bonds so confidence is maintained...

 

The Government has a special relationship with the FED as long a congress keeps spending the fed will keep lending...Has the fed ever said no? since 1913 it has never said no because it can't say no to the government...

That reminds me, it is almost time to buy more Krugs.

 

Thanks. :lol:

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