Tuesday, October 5, 2010
Money Printing
The market is zoned in on the Fed and its plans to print its way out of high unemployment and "too low" inflation. The dollar is getting trashed everyday and equities have an endless bid. The FOMC meeting is on November 3. Mark your calendar. That will be the mother of all pivots. The hedgies are going all in on the short dollar, long financial assets trade. We still have 4 weeks to build up steam. The higher she goes, the harder the fall. Just make sure you've got parachutes ready in early November.
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