Tuesday, September 6, 2011

Rule 48

yup, madness did end friday.  We've just erased all last weeks gains.  Another rule 48 open today as the market is hit hard by european woes, rumors of a european union breakup, and poor economic indicators from friday.  The biggest reason to sell however, may be that the people are losing their trust in the fed.  Fridays numbers are just another notch on the board representing a consistant wrong prediction streak for chairman Ben Bernanke.   This is yet another case when the exact opposite of what he predicts becomes reality, just a friday before bernanke said he expects "strong growth" in the jobs numbers, when instead we had a strong decline with respect to the forecast.

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