ES Journal - 2012

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- warren buffet see improvement in economy...

- government reports coming in stronger then expected...

- fed continued QE's...


QE4 - FED decides to inflate asset classes to prevent deflationary spiral at the risk of inflation. FED creates a offshore hedge fund, deposits 50 billion in incremental amounts or uses proxy bank. At defined moments FED steps in to buy the derivatives futures, ultimately to infuse private equity holders with cash. To perpetuate 'thin air' money ponzi creation. :)

If they let equity markets have the triple punch, its game over, for US economy for next 10 years. Since its illegal to trade on insider information. Is it illegal for politicians to steer us to the edge so their private hedge fund buddies get to make a quick billion or two?
 
They are probably referring to the bull flag from July. I don't consider such a flag formation valid because there is no follow thru i.e no breakout. The thing has been drifting lower since Sept, only consolation is that it hasn't yet broken thru the June highs (which now seems to be strong support).
 
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