Helicopter drops money, market goes down
As the Fed reduces rates at panic pace, markets still are not going higher.
Investors seem to realize, that the landscape has changed. Not one single day passes without earnings revisions to the downside or record write offs.
The economic climate gets rough. Even good figures like today’s ADP number create only a short lived squeeze which is responded by more selling.
Tomorrow … last day of January, the worst (or at least close to worst) January of all times. Dax today evening possibly already completed minimum correction to the upside.
Now lurks a retest of the lows … at least a test.
And the question is … what will the FED do as the ammunition dries up … Band Aid does not really help, if you are in intensive care …
It is still a CONFIDENCE CRISIS … and Ben Bernanke so far has NOTHING done to create confidence … even if rates went to ZERO …
As long as you have “mark to fantasy” balance sheets and unreliable central bankers who leak information to “their” people, politicians who do not know anything about economics and risk systems which are ridiculous and Authorities that NOW start to examine the subprime “reasons” …
WHERE SHOULD CONFIDENCE COME FROM???
The DERIVATIVES BUBBLE keeps on DEFLATING …
The Bull broke his neck, the Bear is on the prowl …
Dezember 2nd, 2011 at 19:36
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