BOND BUBBLE BURSTS RATES SOAR, deficit chokes off real economy….another financial maybe derivative crisis, no quivers left….SPX 300 into 2012 or earlier.
MONEY GOTTA GO SOMEWHERE, with NO REAL EFFECT on real economy, this make believe world can exist for awhile, as the interior of humanity slips away. The players are all dumping and distributing IMHO, the PUBLIC having NOT Bought into this YET....at some point could jettison the BOND allotments and pour into equities that will give us our final TOP and maybe new highs.....then when it is understood how we got there, POOOOOOOOFFFFFFFFFFF, "castles made of sand slip into the sea...eventually"
WE had a chance last March to take our medicine, and purge the system. Instead we get this melt up.
TODAY I am monitoring a possible double top on SPX at 1095 and that underside of broken wedge on SPX is still in play until its not. 1095 ish is where we reversed today so far.
Lastly, this is a REPRIEVE, MAKE THE MOST OF IT, PAY DOWN DEBT, make sure you get into SAFE ASSETS, when this folly ends whenever I don't care...there will be HELL TO PAY. This time they REALLY DID IT!
lovely
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