Intervention

So who snitched early?  It was obvious yesterday that there was a Fed move coming, http://marketvent.blogspot.com/2011/11/qe-3-return.html, I went with QE but this is a global liquity move by everybody, http://finance.yahoo.com/news/central-banks-rescue-todays-action-162004495.html;_ylt=ApSr9t4Hecun35kk69nrqj.iuYdG;_ylu=X3oDMTQzM2l1NWh2BG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwNiMThjMDIzYi1lOTRiLTMxOTctYTg1NC03Nzc5YTE2MWE4NDgEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDZjEyZGRiODQtMWI3OC0xMWUxLWFhNDYtMGZmZGQwOTY5ZmM4;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3.  Odd part is how people view things.  This happens and markets jump hysterically high but what caused that many countries to agree to a move together?  Had to have been bad.  Basically this cements the idea government will not let the stock market go down past a point.  So play that accordingly.

QE 3 The Return

Stocks up on light volume, treasury's don't move, gold up, oil up.  Last time it looked like this it was QE or Twist or whatevrr new idea the Fed tries this time.

Missed That

Looks like I was wrong, http://marketvent.blogspot.com/2011/11/and-were-back.html.  I still cannot believe it will stay like this since the cuts were designed to be mutually destructive.  1.5 trillion on a annual GDP of 15 is going to make a dent and if the unemployment and tax cuts are allowed to expire in a month that's an instant -%1 GDP cut too.

Genius

http://xkcd.com/980/huge/#x=-1982&y=-7116&z=6

And We're Back

Super Committee day.  Rumor is Congress doesn't get a spending cut plan passed so the automatic cuts no one wants start.  I feel there'll be some sort of last second saving dramatic move and everything will be OK again for 5 minutes.  That's just my thought since the public outcry should be massive if Congress fails at this.  Occupy Congress should start.  Either way it should be interesting to see what the Fed does since their move has been liquidity and cash everywhere, 0 interest rate, QE++, etc, and now congress is going to remove a trillion in spending.  Fight time.

Schizophrenic

I'm schizophrenic and so am I, What About Bob.  Oil just keeps going up?  Golds down?  Stocks rebound hard from yesterday?  Not sure any of this makes sense are people betting on deflation, inflation, Euro collapse?  We're down to %100 driven by Government headlines nothing else matters right now and since politicians are less rational then the manic depressive market I'm out.

2007 Again

So MF Global is gone, Greece is now past bankrupt and on to stay in the Euro or not and Italy looks like it's losing as it's 10 year bond yield went past %6,  Greek one year now into the %200+.  The difference is this time unemployment is at %9 not %5 and we have inflation instead of deflation, and the Fed rate is already basically 0, so what's the next move?  Public works, money drops?  Feds seems out of moves so Congres might start trying but with the Super Committee to cut budgets who know, and really who names this stuff?  Super really.

Unemployment

Initial unemployment claims do their standard 4k revision up so its always going down week after week, but some how never really goes anywhere.
I'm waiting for that initial market pop up after the ECB rate cut to fizzle soon.