Thursday, September 18, 2008

Read up more

Will the new plan limit systemic risk, mitigate financial lesion, are we giving free cash away to the corporations while nationalizing the cost? Would commodities be the safe haven, they are being sold down for the dollar, yen was weaker against the dollar but only giving up after a strong dollar fight from 104.

Yesterday, every commodity, PM trader, yen trader was against a great trader, the central banker they would want to represent market force, the invisible hands PPT took place, look at the pivots in the daily chart, they think we are blind! If 900 is sold down in gold then what about those holding from one thousand and levels above 900, are traders stupid. Did any equity holders profit last night averagely speaking?

Are you still going to buy treasuries, and bonds, reaction from bond holders are very clear, yields are shadowed by the feds throw 20 day -70 day bills, while talking no tax payers money is involved, with a deficit there won't be any left to use that's why they need the loan. Debasing the dollar and intervene with the market is the only option to shore the financial market up but to what extent and what cost imposed on the dollar, and to what level of manipulation of indicators can the public deem legal?

As BHC investment said long time ago, the policy makers are taking a paradigm shift, in my view since Greenspan when they intervened in private corporations, they stepped in to hand them the last load!!! They told all others in crisis previously to allow banks to fail, and they are now sweeping the dirt they made!!!



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