SPX GLUE

1170 MUST be broken for immediate Bearish case IMHO. That is what D will be watching.

The wheels on the cart are BROKEN, the SPOKES rusted, the ROOTS rotted, but liquidity floats the boat. $40 fricken' BILLION the FED pumped in last week, crisis amounts......stagflation best they can hope?

IS GOLD 50% below its 70's highs truely predicting runaway inflation? When you consider MASSIVE pumping the FED and BUSH stimulus.....makes a guy ponder...

D