Bernanke makes me sick …
I have to admit it … this guy makes me sick …
ALL data point to a recession … and not a shallow and short one … and inflation is rising every day …
But Bernanke does not admit it … continues with dangerous and useless rate cuts …
only as he fears that bad markets might even put more pressure on the economy …
Hmmm …
His only recipe … market starts falling … rumours, “news”, rate cuts … this will create a HUGE and MERCILESS BEARMARKET.
Stupidity rules at the FED
75 bps are already priced in for the next Fed meeting on March, 18th … “good” for the March expiration the same week …
BTW … have you noticed, that market did not trade higher today? It only recovered overnight losses???
And even this ONLY in the case, you are calculating in Dollars only … as Dollar traded new ALL-TIME-LOWS … Euro rose above 1,51 …
Next wave down is around the corner … for equities …
