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In today's letter, I first talk about the NRA elections for new board members. Folks, if you're a member PLEASE vote. Moving on, I've been told I'm not "attacking" the frauds and manipulations as hard as I used to. Am I getting soft? Not really. Not a week goes by where I'm not whining, or ranting about some injustice. Maybe it's the Central banks, maybe it's politicians, etc.
Then of course we chat about this crazy market. The next thing in its sights are the all time highs. Will they make it? We're not that far away. In the market commentary, I give my opinions on that.
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We're in the "pout" over the jobs report. They should be. For
months on end we've been telling anyone that would listen that the
economy is crap. All the clowns on CNBC are trying to tell us how
this wasn't that bad. Onejust said "this keeps QE
Heading into the last hour we have the DOW off 12, the S&P up
3. I tend to think they want to pull off a green across the
board close. But like most "pause" days it's a bit of a struggle
The idiot game of "taper on/Taper off" continues daily. We were
absolutely flat for most of the day and then the Kansas city Fed
head came out and declared that the Fed had best start tapering its
QE program and sooner rather than later. Instantly the lemmings