Wednesday 25 April 2012

12pm update - awaiting the FOMC

The FOMC issue their press release in the next 30 minutes. I can only imagine the stupid word games the various hosts on the clown channels will soon be playing again. How many times will the Fed say 'easing'..or 'low rates until 2085?' Its all utter nonsense of course, but is a great example of how messed up the present financial system is. We're left with what will probably be stagflation in the western world, whilst the TV hosts count/analyse words in press releases  Ohh, but don't worry though, Apple sold more iPads, everything is okay!


Sp'60min


Bears need a serious reversal today. Preferably a close below the 10MA of 1377

Time for lunch...back later!