why i think berney will have a great weekend

why i think berney will have a great weekend ...

in his wildest dreams he didn't expect such a good rally on the markets.

the dollar has not done anything too wild for him. people seem to accept that everything aint so bad really now and berney so very much needs to get those interest rates up ... a bit more than he's really let on, eh ?

so, when he goes to work next week he'll be saying to himself, 'i can do a quarter easily now. another quarter won't frighten them and if i say, well maybe a bit more after that, and then we'll see how things go, no one will realy mind. if they do get into a bit o panic, i will have plenty of time to calm before i get to six. yeah, that should be ok'.

gold has settled off the 700's plus the other metals have come nicely off the top. it's all going very well for him. very well indeed. nice and calm, just as alan would have wanted it for himself.

so what do i reckon now ? unless we get some horrendous figures from left field then 6% is a strong possibility by year end. .25% for june, july or aug, oct & dec. if we get a left field event, then up quicker but very unlikely to go down. no more liquidity driven dows, just now, please.

i still see the axo below 4786 by end june and 4400 by end year. china and europe will help to add to the rising rates scenario and by more than the markets are prepared for atm.

once the markets get the idea of 6% by the fed, it will really start to do some sums on those earnings figures.

the dow has done very well over the past week or so. i don't think it 'should' be much higher.

things are still bearish for the markets. rising rates are never very bullish.

so, berney will be relaxed over the weekend because he hasn't had a 'crash'. it's so much easier when the markets recover their composure. well, berney did talk nicely in the end, didn't he ?

now he can be the bad boy again.

then the good boy again

and so on, until he gets those rates back to equilibrium and then in front of the curve.

he aint there yet, so don't forget it.

6% here we come.

aimho.

writing this keeps me on top o the situation for myself and the proofs there for me in the end. rightly or wrongly i gonna say what i really think.

i've enjoyed seeing the bulls come out into the sunshine.

it's fri tomorrow and the markets in new york might start thinking about what i've just said.

now back to those honey pots.