Monday, August 23, 2010

MONDAY AM SPX CHART SET UP


Another Monday rally setup, it seems gross majority of Mondays begin as rally days, especially when no data.
I hope you read weekend Doug Noland I posted. VERY good backdrop to the fundamental issues that may plague us for years.....yes appears system WAS stabilized....as Mauldin s fond of saying we got a "muddle" kind of recovery......but every time the FED takes the easy way out, somethnig WORSE takes shape than the previous pain....of which they apply the same and ever increasing amounts of elixr....to where it goes they have no control.
It is obvious to me, FED policy has LITTLE effect on the housing market......but look at the bond market GO!
ISn't the most important aspect of our economy the sovereignty of government debt? That my friends with profligate government spending.....is very much at risk
D

No comments: