Good Morning Comrades!
$13.4 billion is all? Gee, that’s going to be lunch money here real soon.
Is anyone besides me NOT SURPRISED that this announcement comes on the morning of options expiration? This market is so rigged that you can now completely bet on it. Glad I went long yesterday at the close, look at my reasons to be bullish at yesterday’s end of day update and you’ll find it there. When I see George Bush open his lips, what I see is Hank Paulson talking! This country is completely run by the central bank, when is America going to wake up? When they figure out that they have no future, maybe.
At any rate, the bailout sent the DOW up more than 100 points, but once Bush began talking it started to come back down. Futures are now up about 70 points with 10 minutes to the open.
You can see the technicals in yesterday’s End of Day Update: http://economicedge.blogspot.com/2008/12/well-that-was-interesting.html
Be careful if you are playing the markets today, I expect it to be volatile. I am long but will be exiting that position at some point during the day, it may be soon.
Sorry, I don’t have a lot more to say than that – I feel a 7 page rant coming on…
Have a great bail out day, WHERE’S YOURS?
Economic News , Data & Views.... January 17 , 2017 ..... Quick Hits For Tuesday -1) Markets : Asia Economic Calendar For Tuesday , Data & Market Moving News ; US & Europe - US & Europe Major Stock Indexes Lose Ground Today ( Red Flag Day ) , FX Volatility Highlighted by GBP/USD Cross , USD/MXN Cross Movement Stalls At 38.2 ( Fib Number ) & Awaits Trump , Aussie Dollar Also Strong Vs USD Today ; Oil Essentially Treads Water Today ; Additional Items Of Note. 2) Europe In Focus : UK In Focus - Theresa May Sets Forth Vision For Brexit ; Greece in Focus - Syriza Folds To Creditor Demands Once Again ( Surprise , Surprise , Surprise ) ; Italy In Focus - Budget Dilemma , Italian Gov't Still Needs To Work Through Budget Issues With EUC ; Ukraine & Russia Fencing With Each Other Again ; Additional Items Of Note. 3) UD Political Round Up Of News & Views. 4) Odds & Ends - Libya , Iraq , Syria & Turkey In Focus !
1 hour ago