Well , much ado about nothing, once again. The markets are consolidating at record levels. The CPI number is probably going to break that tie, if it is a surprising number.
Santa Clause Rally=Much Higher=More Records
- Thread starter myminitrading
- Start date
Gas has been rising off its lows set last month, will that show up in this report?
The market is not going to fall very far for the rest of the year, that you can take to the bank.
This could dampen all your high flying spirits
Found at the Energy and Capital web site.
Enjoy...merry xmas ho ho ho bleep bleep ho!
The Shift From Petrodollar to Petroeuro is Here
By Luke Burgess
BALTIMORE, MD - According to the latest quarterly review from the Bank for International Settlements (BIS), oil-producing countries have reduced their U.S. dollar exposure to the lowest level in two years. Crude exporters are reportedly shifting oil income into euros, yen, and sterling as a hedge against a continuing tumble in the USD. This shift from petrodollar to petroeuro will have a catastrophic effect on the American economy.
Found at the Energy and Capital web site.
Enjoy...merry xmas ho ho ho bleep bleep ho!
The Shift From Petrodollar to Petroeuro is Here
By Luke Burgess
BALTIMORE, MD - According to the latest quarterly review from the Bank for International Settlements (BIS), oil-producing countries have reduced their U.S. dollar exposure to the lowest level in two years. Crude exporters are reportedly shifting oil income into euros, yen, and sterling as a hedge against a continuing tumble in the USD. This shift from petrodollar to petroeuro will have a catastrophic effect on the American economy.
Core CPI is the number the market / Fed is looking at. RIght or wrong, this is their focus.
Quote from Maverick74:
LOL. Are you serious? Dude, you have been posting that crap for months, you think I'm bidding your shit? Only on ET can someone reference a thread as use it as some sort of de-facto truth. LOL. I love this place.
Thought you might enjoy this Maverick......our boy eqt trdr looks up to some real honorable people...
http://www.elitetrader.com/vb/showthread.php?s=&postid=1293617#post1293617
Midnight rally lives on, while all the good little boys and girls were fast asleep, Santa elves were working hard to make sure all equity markets are green his favorite color.
Here comes santa clause, here comes santa clause, right down wall streets lane.
Here comes santa clause, here comes santa clause, right down wall streets lane.
I agree with just about everything you have said and see alot of divergences... warning signs are every were Yield curve inversion and so on.
The market has ignored all this and chugs higher, their for I continue to buy dips and cost average as it dips lower.
I have no doubt that all the warning signs, will come home to roost, but for now, I turn a blind eye.