By IFII Staff
Weekly Wrap-Up- Legally Trade on "Inside" Information
Chris Rowe reveals how he uses this special tool to get a jump on the markets... the same tool he used to brilliantly call this past week's rally -- click here for more.
- The Scariest Story You Will Read All Year
Both the Consumer and Wholesale inflation numbers showed shocking declines. It has one of the smartest money men in the world terrified of an impending crisis -- click here for more.
- It Always Pays to Ignore the Crowd
Marc Lichtenfeld got torn to bits in the comments section on Monday for suggesting that these two stocks will boom higher. By Friday, one of them was already up nearly 20% from the lows -- click here for more.
- Private Sector Blues
Costas Bocelli chooses to respectfully disagree with the President, as he lays out his case as to why all is not "fine" in the private sector -- click here for more.
- It Does Not Matter Who Wins the Greek Elections
Ed Pawelec elegantly explains exactly why any Greek party "lucky" enough to win this Sunday's election will be powerless to effect change, and two ways you can profit from it -- click here for more.
Big T's Takeaways
Last week's market action left me with the thought that, should the pro-austerity crowd get elected in Greece this Sunday, we could actually see stocks drop on Monday!
Why is that, you ask?
For all of this week, stocks have been gunning higher on the expectation that the anti-austerity party will win, and thus the ECB and the Fed will be forced to flood the world with even more cheap money. This has not only boosted stock prices, but it has kited higher the prices of gold, copper and oil.
So as counter-intuitive as it may sound, perhaps we should be rooting for the anti austerity guys to take the reins in Greece!
Another news story to keep your eye on is the G20 meeting slated for next week. Reports indicate that the US is going to push for the G20 to embrace growth over austerity, and that my friends could be a game changer.
We could be on the verge of massive, coordinated rate cuts, as well as other stimulative measures. Clearly, drowning the world in cheap money is not a long term solution, but short term (at least until the election!) it could take this market higher.
The next key hurdle for the S&P 500 is the 50-day moving average, which lies at approximately 1,350. A close above 1,350 will have us back to 1,400.
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