Wednesday, April 7, 2010
Low Rates Forever
The back and forth action based on Fed speak has taken us nowhere. Bernanke seems intent on building more bubbles and looks like rates will be at zero for the rest of the year. I wonder if it will take $150 oil before Fed increases rates. Looks like more free money. Hard to fight that on a fundamental basis for a short.
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4 comments:
Well looks like you missed another move down waiting for the mr market to go higher. Good thing I was short.
I'm not worried, I think we'll be up tomorrow.
You should buy it here if so.
There is no rule that says one has to be long or short. I am content holding cash and picking my spots carefully. If I had to choose, I would rather be long than short.
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