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Insiders Club - 10.22.2014 Bookmark

 

10.22.2014


Well that was fun. Just because the Central banks jawboned about possibly extending QE, we've rallied hundreds of points. It wasn't because we opened more small businesses, or cut taxes or cured cancer...nope. Just the hint that the Fed punchbowl might get refilled fired them up.

But now the ECB has denied that it is going to go on a bond buying spree twice already

Insiders Club - 10.21.2014 Bookmark

10.21.2014

Good morning folks, the madness continues.......

Yesterday the S&P put in a good showing, and even the DOW made it to slightly greed despite IBM missing earnings by a mile. After the close and Apple's earnings, there was a flurry of futures action, and then the air started coming out. Futures were drifting lower and once again there was the all too familiar "save".

10.17.2014 ECB to the Rescue? Bookmark

Last night the futures were flat for hours. Then about a half hour after Europe opened, our futures started soaring higher. Why? One of the European Central bank heads said that a QE style asset purchase plan was going to start in just days. That's all it took for the Algo-robots to pick up on it and send European stocks higher. That instantly spread to the US futures and we come into the open with the DOW futures up about 170 points.

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