Danube your a right.
The FED forces speculation as cash earns a negative real return. However the market has had such a brilliant run from MAR09 that even the slightest bad news will have a magnified affect to the downside.
Someone mentioned this is the tenth week in a row up on our market!
The TARP stimulus is now spent (or stolen depending on your perspective). The Helicopter Ben PUT does mean equities have a limit on the downside as they print. A large pullback of say 250 SPX points would mean more stimulus and a renewed equities rally IMHO. Gold up as paper becomes more worthless.
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Danube your a right. The FED forces speculation as cash earns a...
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