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"Although we believe external demand continues to be weak, this is more than offset by the strong growth in Chinese domestic demand, especially fixed asset investment," said analysts at Goldman Sachs.
Originally posted by GreenBicMan
Update with longer term trendline
Futures still holding key levels.. a test of 8650 on the futures is most likely imminent...
Still, wouldnt want to see it drop that far, perhaps test that INTRADAY low you can see..
This is a pretty "interesting" spot for the markets
YMM9 633 EST
Originally posted by cpdaman
gold 984 dollar steady tonite 78.5 ish
thought i would pose these TWO economic question's here.....anyone want to throw out a answer it would be appreciated
1. Why does QE (quantitavie easing) by the FED.....seem to AUTOMATICALLy = Inflation in people's minds.......especially when
Doesn't the very real possiblity exist that it is instead a giant circle jerk where the treasury issues the debt.....the fed buys it .....and then the treasury deposits the money at the fed (to collect interest)......in other words how does the money used in quantitavie easing get into the economy....is this SOLEY based on the Belief that banks will increase Lending? (in this enviornment where banks don't want to risk losing money to rising loan defaults)
2. IT seems to me there is a huge Risk in ramping up Quantitative easing where the fed becomes a larger buyer of Gov't debt....especially in the enviornment where treasury holders may be looking for an excuse to sell /diversify their treasurys at a high price.....in other words.....if the fed announces they will be a buyer .....say for every $ they offer to buy....there are 5$ worth of sellers looking to offload.....couldn't quantitative easing trigger a bond collapse by giving people holding security's a reason to rush for the exits and get a decent price for doing so (regarding 10 and 30 year issues)
appreciate any answers to either
[edit on 2-6-2009 by cpdaman]
Originally posted by GreenBicMan
reply to post by RetinoidReceptor
I have never been burnt by a technical indicator that I have used.
At least when they turn, so do I.. its not like I stay and hold on to a position b/c of a feeling or ego... does this make sense man?
Everything, right now as of this moment in time, techincally points to me that this rally is not even close to over, infact I have stated what I think is going to happen here..
That is where me and my dad kinda shift thinking..
He was also burnt very badly on that drop late last year.. he said he has never lost so much money in his life on something he thought would never happen (that late downward spike before the rally).. so I think personally that is CLOUDING his judgment..
Although.. as it was coming back up (Dow 7200 or so..) he said we would hit 9-10000 pretty soon.. so he was right about that.. he is a technical player as well.. but he uses his "gut" feeling much much more than I do..
I purely am a technical player b/c I think the technicals never lie to you.. at least when they turn pos/neg. I jump on the corresponding side..
I hope that clears that up RR