Thursday Outlook: Window-Dressing Symbolism

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Wednesday ended with a little “pump” to keep things looking respectable. The trashing of the dollar seems irresponsible and unproductive. It may help U.S. stocks since overseas investors might view them as cheap in currency terms. But, I don’t like it.

Clearly interest rates aren’t too high now. Cutting rates further is just window-dressing symbolism.

We’re heading to the end of the month and there are many vested interests needing things to look better. Given the news, I’m surprised that indexes are doing as well as they are. But the tape tells a different tale thus far in February.

Today is GDP data and it will be interesting to see the reaction to any kind of number.

Have a pleasant day.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, PSQ, IEF, GLD, DBC, DBB, DBA, DBS and EWZ.

Comments

[Fat Arby]

no __ _ _ _ . Sherlock. You and I are a lot alike, you know? We have ruts and ingraned habits and when things don't go our way we get angry and there goes our money! We have to think outside the box, or in your case, outside the cottage. I have a suggestion for you, one that cost me dearly but that I'll be glad to share with you since I hate to see you frustrated over this stuff. REady? Set? Go!
Red Option advisories at REd option .com .
You'll thank me when you get to France, but let me tell you something: When they say , Go! you Go!, and don't try to reanalyze what they've already done! When they say Stop! , you stop! and don't look back.
I had the dough when they said GLD but then blew it in options. I had money left when they said STAY AWAY but what did I do? I went back in. Now, I wish I had paid off a few more bills or paid my rent in advance.
Start at the commentary section and continue with the shadow trader weekly and then choose the advisory that's right for you.
Best!