Since day one of Ben Bernanke’s testimony did not provide any clear
signs of when we could see another round of quantitative easing, Big Ben
has gone into obfuscation mode and he’s playing it close to the vest.
Perhaps, we might need to look at the moon for a market tip.
On Tuesday Mr. Bernanke will have the second day of his testimony and
the moon, yes the moon, will have a new phase. Since Ben will remain
tight lipped, we might need to review previous studies on how the major
indexes have performed during the changing of the moon’s phases. The
market psychics aren't answering their phone
Actually, the Buy the new moon and Sell the full moon strategy in past
years has had some success, but so far this year the S&P futures
contract is not highly correlated. Surprisingly, the inverse of this
strategy has worked - buy the full moon sell the new moon has been
profitable four months out of seven this year.
Maybe Ben will take some cues from his lunar guides and invert his
monetary strategy. Since QE’s past haven’t worked and QE’s future have
already been priced into the market, maybe he should tell Congress that
he is turning off the printing presses and that his policy of forced
liquidity has failed miserably
But expecting that type of prudent talk from "Helicopter-Ben" is as likely as a square moon.
Trade well and follow the trend, not the so-called “experts.”
_________
Larry Levin
President & Founder - TradingAdvantage
Follow posts
Bernanke and other politicians have created an artificial floor in the stock market. There's no reason not to buy and hold now. SPX might drop to 1250 ish, but that's the lowest it can go before QEx happens.
Now maybe Pavlov's Dog is doing the work for Printer Ben. If the 10 year is going to go to 1% without the Fed expanding it's balance sheet, what is the need for QE 3?
Personally, I believe it will happen in the short term. What better way to go into the elections than the stock markets going up. No one will know the true / devastating effects of those poor decisions until they are already voted back into office.
That is why I'm loading up on gold and silver; however, anything which is inversely related to the dollar would work fine. I just choose to pick something that has been a around for thousands of years (as opposed to stocks/bonds/etc.)
I have to admit, and maybe I'm disillusioned here, but I certainly feel my life is improved by highways, roads, bridges, energy infrastructure, the internet, cell phones, GPS, computers, jet propulsion and the absolute labyrinth of technology either built, designed, funded or discovered by the government.
S'not all black or white, politicians do suck us dry, but until they're made to account per the Constitution, they continue catering to bribes instead of the people..
See No Easing, Hear No Easing
Displaying all 11 forum posts
Bernanke and other politicians have created an artificial floor in the stock market. There's no reason not to buy and hold now. SPX might drop to 1250 ish, but that's the lowest it can go before QEx happens.
Although you are probably 99.99999999% correct.... There is always a .00000001% chance that a catastrophic event can impact the actions and decisions of Uncle Sam...made to trade said:
Bernanke and other politicians have created an artificial floor in the stock market. There's no reason not to buy and hold now. SPX might drop to 1250 ish, but that's the lowest it can go before QEx happens.
Well if Printer Ben playing it close to the vest means Printer Ben knows there's nothing he can do to help grow an economy that has no reason to grow, that's great news. Last thing we need is Printer Ben to turn the printer on and steal more wealth from the productive.
What stole wealth from the productive was Banker Wall Street stuffing sub-prime mortgages down the gullets of the unqualified. What Printer Ben and his cohort did was save us from a deflationary spiral.Patches O'Houlihan said: Well if Printer Ben playing it close to the vest means Printer Ben knows there's nothing he can do to help grow an economy that has no reason to grow, that's great news. Last thing we need is Printer Ben to turn the printer on and steal more wealth from the productive.
Now maybe Pavlov's Dog is doing the work for Printer Ben. If the 10 year is going to go to 1% without the Fed expanding it's balance sheet, what is the need for QE 3?
all this talk over the past week about QE is getting annoying.
QE rumors had nothing.. absolutely nothing to do with the equity markets moves this week.
The rumor that the markets were going up on QE rumors were just headlines to try and explain technical buying and selling. You could have turned off CNBC on Tuesday and Wednesday not have known Bernanke was talking and traded the market the same way as if you were listening to Bernanke.
If you want to listen to somebody and make money in this market listen to Ralph Elliot and ask him to explain to you the markets move from 6/4 - 7/19. Then ask him to explain to you the markets move from March 09 - July 2012.
1-2-3-4-5-A-B-C G.A.M.E - O.V.E.R.
QE rumors had nothing.. absolutely nothing to do with the equity markets moves this week.
The rumor that the markets were going up on QE rumors were just headlines to try and explain technical buying and selling. You could have turned off CNBC on Tuesday and Wednesday not have known Bernanke was talking and traded the market the same way as if you were listening to Bernanke.
If you want to listen to somebody and make money in this market listen to Ralph Elliot and ask him to explain to you the markets move from 6/4 - 7/19. Then ask him to explain to you the markets move from March 09 - July 2012.
1-2-3-4-5-A-B-C G.A.M.E - O.V.E.R.
I feel a sudden & inexplicable compulsion to talk about it much more.NASDAQsavages said: all this talk over the past week about QE is getting annoying.
Seconded (to the second comment).incubus said:
I feel a sudden & inexplicable compulsion to talk about it much more.NASDAQsavages said: all this talk over the past week about QE is getting annoying.
Personally, I believe it will happen in the short term. What better way to go into the elections than the stock markets going up. No one will know the true / devastating effects of those poor decisions until they are already voted back into office.
That is why I'm loading up on gold and silver; however, anything which is inversely related to the dollar would work fine. I just choose to pick something that has been a around for thousands of years (as opposed to stocks/bonds/etc.)
Why would you expect anything from this government? Not in the history, even for heroes. The politicians will act on their own behalf and if you think they care about your plight you are naïve.
______________________________________
Why would you expect anything from this government? Not in the history, even for heroes. The politicians will act on their own behalf and if you think they care about your plight you are naïve.
_______________________________________
As I say to anyone who thinks their ticket to a better life will come from government, prepare for perpetual disappointment.
Why would you expect anything from this government? Not in the history, even for heroes. The politicians will act on their own behalf and if you think they care about your plight you are naïve.
_______________________________________
As I say to anyone who thinks their ticket to a better life will come from government, prepare for perpetual disappointment.
I have to admit, and maybe I'm disillusioned here, but I certainly feel my life is improved by highways, roads, bridges, energy infrastructure, the internet, cell phones, GPS, computers, jet propulsion and the absolute labyrinth of technology either built, designed, funded or discovered by the government.
S'not all black or white, politicians do suck us dry, but until they're made to account per the Constitution, they continue catering to bribes instead of the people..
Displaying all 11 forum posts
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