Pre-Market Brief

US equities are sharply higher, as the Chinese central bank have cut interest rates, sp +18pts, we're set to open at a new historic high of 2070. Metals are on the rise, Gold +$8. Energy is mixed, Nat' gas -3%, whilst Oil +2%.


sp'weekly

Summary

Well... here we go again. central banks...meddling...

Without question, the bulls are going to manage a significant net weekly gain of 1.5% or so.

Gods help us all... this is going to end really badly for most of us.
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Update from Carboni

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yours.... awaiting the weekend
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8.51pm.. so... sp'2070... with Dow 17870.... the 18000s are 'just about' feasible today, which is truly bizarre.

VIX will likely melt into the weekend, 12s seem due.
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*ECB have announced they are buying 'asset based securities'.. aka.. from the banks.. TODAY.

It remains the case they do NOT have authority to buy Govt' bonds from individual countries.

Hell... how long until the ECB are buying STOCKS to inflate asset prices? 6mths... 12mths ?