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SP 500 and NDX Futures Daily Charts – How This Wall Street Asset Bubble Will End
Monday, August 10, 2015 13:59
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Stocks were in rally mode today despite the poor economic news out of China over the weekend, or perhaps because of it.
Some of the Streetsweepers noticed that Fed Gov Lockhart did not say ‘September’ in his latest pronouncement about his bias towards raising rates, barring an economic Armageddon.
Why in particular a three month difference in raising rates off the zero bound by 25 basis points strikes me as odd.
More likely today’s rally was a ‘just because’ excuse to start a new wash-rinse cycle, because after all, the little people were selling into the fears of last week, so it is now time to turn the greediators back on and heat this bubble back up.
Continue Reading at JessesCrossroadsCafe.Blogspot.ca…
Source: http://financialsurvivalnetwork.com/2015/08/sp-500-and-ndx-futures-daily-charts-how-this-wall-street-asset-bubble-will-end/?utm_source=rss&utm_medium=rss&utm_campaign=sp-500-and-ndx-futures-daily-charts-how-this-wall-street-asset-bubble-will-end
