| To: humble1 who wrote (8799) | 8/26/2012 2:57:11 PM | | From: Joseph Silent | | | | H1: If this support holds I expect that we will see 1460 (approx) before very much else occurs.
I expected to hit 1440 approx earlier, but this correction before getting there suggests we will go a little higher. After that target we should have another correction.
Time has a way of settling all such crazy conjectures. |
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| To: zman69 who wrote (8803) | 8/27/2012 9:03:33 AM | | From: humble1 | | | | Z: agreed. it will be interesting to see how the market acts after his speech. i expect nothing really new fwiw, too close to the meeting and there is one more payroll report. hard to know if "the market" expects fireworks. so if wev rally to and through a blah speech we will know he is with evans for next meeting.
interesting times for market groupies ... :)
but they need to keep their mouths shut about 3% inflation. that will scare people, not necessary or helpful! it will make folks think they see something coming. this is where evans gets goofy. |
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| From: zman69 | 8/27/2012 1:05:02 PM | | | | | | Sounds like Pianalto isn't quite there yet in terms of advocating QE at the September meeting. This is important because she is a good proxy for the ceter of gravity of the committee. I agree with H1 now that it is unlikely that we will get any nod to QE from Bernanke at Jackson Hole on Friday, but we may still get QE at the September meeting IF the September jobs report is weak.
clevelandfed.org |
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| From: zman69 | 8/27/2012 5:50:42 PM | | | | | | Looking at the recent action in the markets, China related weakness appears to be the biggest drag at this point holding back the market from a more dynamic rally. Some bold actions from Chinese authorities to rev up growth would be a nice boost of rocket fuel for the bullish scenario, and I think it will be coming sooner rather than later... Already subtle shifts are happening behind the scenes.
ccfgroup.com |
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| To: zman69 who wrote (8809) | 8/28/2012 1:03:09 AM | | From: humble1 | | | | Zman: LOL!!! And it looks like he sold at the low last Thursday. Yet he keeps getting himself on TV; the commentators are just as brainless.
You made my day with that one ... :) |
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