 | To: Greece Italy, and Spain
From: Chairman Ben Bernanke
Re: What I would really like to say to you, but I can’t.
Hey you three laggard losers; couldn’t you just dissolve yourselves out of the EU? I mean the Greeks are dissolving their Parliament. Better yet, couldn’t you have tacked on a couple of more days to your extended Easter holiday and remained closed? Now your debt woes have completely messed with my plans.
The market is now down 5 days in a row. That’s right 5 down days! Back in the good old days of 2008-09, my central banker friends and I could help with a $1 trillion flood of liquidity (and QE2 and Operation Twist), and that was enough to save the global debt machine from implosion. Back then, the markets kept on chugging higher and higher.
For the latest rally, I made sure the central bankers helped with $3 trillion in global liquidity injections. But clearly $3 trillion ain’t what it used to be. Are you going to add inflation to my list of problems? This money was supposed to buy a much longer rally, or at least until the U.S. Presidential elections in November.
Now your European ineptitude is causing people to question the happy, happy economic news that the lame stream media has been touting here in America. The once co-operative “not-seeking work” folks are starting to look for work again, messing with the creative employment numbers.
So take your sovereign debt crisis, your rising bond yields, and stick it where the sun doesn’t shine.
Thanks a lot for nothing,
Ben
Trade well and follow the trend, not the so-called “experts.”
Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banksters.
larrylevin@tradingadvantage.com
Trading Advantage
(888) 755-3846 |  Larry Levin's Trading Advantage is a leading investment education firm that empowers traders to achieve and surpass their financial goals. More than 50,000 students have used Larry Levin's proven techniques for powerful results. | |
Trading Signals from the Electronic (ES) mini-SP 500 - No “Secret” signals today.
- Algorithm positions (21)
- “Reading the Tape” positions (3) …combined Secret’s, Algo, & “Reading the Tape” total… -9.75
Click Here to See Yesterday's Detailed Results | ES 1371.00 / 1354.50
POC... 1355.00
YM 12810 / 12670
NQ 2730.00 / 2691.00
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Keep a civil tongue.