Questions of the Day

Can this man and his fellow Fed Governors keep the world out of depression/recession and  more worldwide stock markets falling to the bears – pictured below???

Fed meeting concludes this afternoon with an announcement.

How long can the Fed keep the Kabuki Dance going with a shadow unregulated financial system at its core???

It’s hard to answer these questions in the long term, but in the short term US equities have run up against technical resistance (this summers high) and one important predictor of worldwide economic growth [copper prices] is heading south big time.

Our two forecasting tools (MO & PCR) are still in Neutral. So best read of the tea leaves is HFT’s, that dominate trading, have no bias.

However, the drop in copper signals further slowdown in worldwide growth.  Advantage Bears.

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