ONE MORE WEEK OF FUN!

Bulls enjoy it! Please read newest from John Mauldin

Write it down on your calendar, Spet 20th, Sept Fed meeting. A) markets EXPECT the FED to pause because of Katrina, so IMHO the rally you see is baking that into cake. B) Fed surprises because of FEAR of inflation raises .25 and friends we have a REAL competitor to stocks SHORT TERM money is outperforming stocks! Now a FED raise imho is NOT in the cake!

Either way, historic Sept weakness should show during this period and the real question is where it takes us.

A break of 2005 highs would leave door open to more of course, but a KAtrina super bull is just plain BS IMHO, or lets destroy each city and we're back to partying like its 1999!

Price tag $125B, gov data? double it, no triple it!! IF FED does not continue raising rates what will support the Dollar? more debt issuance?
Could this explain recent gold strength?

But alas, like the Transports falling as the Dow rises, Silver has NOT (and it is a manufacturing component) come along as yet to the party.If it does catch up, end of one of my arguments and we might see gold finally take out an old high, but MAN has it taken its time, would this not dilute any message or question the direction it might break? JUST as every damn gold bull worth his "metal" has hopped on lock and loaded.

D