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10.22.2014 No European Bond Buying?? Bookmark

Danger Will Robinson!  Or something like that....This entire snapback rally has been manufactured by a couple Fed heads suggesting that maybe QE can stay in place for longer, and some bogus headlines out of Europe suggesting that the ECB was about to go on its own bond buying spree.  Well guess what? Two European ECB officials have now denied that they're doing anything of the sort.  Isn't that interesting?
Danger Will Robinson!  Or something like that....This entire snapback rally has been manufactured by a couple Fed heads suggesting that maybe QE can stay in place for longer, and some bogus headlines out of Europe suggesting that the ECB was about to go on its own bond buying spree.  Well guess what? Two European ECB officials have now denied that they're doing anything of the sort.  Isn't that interesting?

I think it is pretty criminal when an outfit like Reuters can put out a headline stating the ECB is just days away from buying up Corporate bonds, with NO proof of it at all, spark a 40 point S&P rally, and then have it denied a day later. But that's the atmosphere today, fraud and manipulations galore. Today should take a pause, and we expect a sideways trading day as they digest the recent gains and the fact that there's no bond buying coming out of Europe. Oh, and there won't be any more QE coming from our Fed's next week either.

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