Friday, December 9, 2011

Early Weakness

 News of PBOC setting up $300B in funds to buy US and European assets.  They should buy their own assets.  They should worry about their crashing real estate market first.  EU summit was a nonevent, as usual.  Everyone got their hopes up for nothing.  And they are going to be disappointed for nothing. 
 Expecting us to gap and crap here.  There is no reason to have a gap and run after just 1 day of a selloff.  But we shouldn't selloff much after yesterday's pounding.  So looking for early weakness and then consolidating between 1225 and 1240 (March ES futures). 

3 comments:

alexnewbee said...

by the time everybody is expecting a dip we are starting the final chrimas rally which will take us above 1300.. the last one before the armagedon :)

Anonymous said...

buy their own assets? that would cause a butt load of inflation, they would've raised interest rates throughout this year for nothing

Anonymous said...

If China crashes world is over.