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SpiritofAloha

SpiritofAloha
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  • Apparently behind the mid-afternoon drop in the S&P 500 (SPY) (a not insignificant 10 points), the soaring dollar (UUP), and sinking commodities (GLD, USO) was the rumor of a Jon Hilsenrath article set to hit the WSJ claiming "tapering" of asset purchases is coming sooner rather than later. Thus far, nothing is up. [View news story]
    $85B of QE3 being dumped into the market by Bernank&Friends, with NO end date! I hate this fake market prop & looks to me like the only way this ends is when the "bonds all get called" ~ can you say "Argentinian inflation???"
    May 9, 2013. 11:26 PM | Likes Like |Link to Comment
  • Apparently behind the mid-afternoon drop in the S&P 500 (SPY) (a not insignificant 10 points), the soaring dollar (UUP), and sinking commodities (GLD, USO) was the rumor of a Jon Hilsenrath article set to hit the WSJ claiming "tapering" of asset purchases is coming sooner rather than later. Thus far, nothing is up. [View news story]
    to quote another guru, "the $USD is the prettiest gal in the Ugly Girl Contest!"...
    May 9, 2013. 11:25 PM | 2 Likes Like |Link to Comment
  • Laszlo Birinyi ups his S&P 500 (SPY) target this year to 1,900, the index having already hit his original 1,600 guess. He says this year's bull market most resembles the patterns etched in 1982 and 1990, suggesting another 20% of upside. "In addition to the historical parallels, we still view sentiment as subdued and nowwhere approaching extremes." [View news story]
    Is that why the article was followed by "Check current price" SDS???
    May 7, 2013. 02:09 AM | Likes Like |Link to Comment
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