Currently Treasuries are showing rather bullish patterns that contradict the asundry bullish observations out there…If the market wants to gain steam via intervention, its seems that that could be a long and torturous path…going potentially into the 1449 area on the S&P500, moreover, EVERYONE is watching the inverse head and shoulders pattern going on at these levels…however, as with everything with this tortured and totally corrupted market…things are never very rational…I will post a few charts today as it looks like things are getting interesting again…
I apologize for my absence in posting. I have not intended to quit blogging and thank you all for the feedback over the last weeks. I have been otherwise attended and very completely occupied. Additionally, I have found little reason to comment on the markets since last time since nothing has really changed…equities are still chopping around the same areas and the market is very dangerous indeed and getting more so every day.
Globalization and the End of the Labor Aristocracy, Part 3 - On the current structure of globalization and its implications for the distribution of income within and between countries.
13 minutes ago