The poor need to get to work at all those great new jobs cleaning toilets and waiting on people at Wal*Mart on Thanksgiving.
But then this is what the new neo-con fascist America is all about. The poor have their legal casinos and lottery tickets to invest in and only themselves to blame. The ultra-rich have their bond investments propped up by the Fed who apparently thinks 30% gains in the stock market is all part of a continuing "recovery". When fully recovered to an unemployment rate of below 6.5% this should produce yearly equity gains of what? 40-50% a year without inflation? Of course, as long as the key number the market and politicians look at is job numbers, not the quality of the job. We created only 16K manufacturing jobs last month and ten times as many BAD jobs which create the future indebted poor.
Give us your huddled masses. We'll give them a temporary job and 0%* credit card.
* introductory offer(one time fee applies)
I'm sure their own nationalistic feelings fueled by propaganda have a lot to do with it. Of course our ever present boots on the ground(their ground) doesn't help.
When the S&P hit 666 and banks were failing, the dollar was at major highs. It's lows have had nothing to do with China but instead relative economic/financial strength in Japan and Europe. That might change going forward but I wouldn't count on it.
The UDN (short)USD based ETF is right in the mid point of the same range it's been in for the last FIVE YEARS. The low points were Nov. '08, Feb '09 and Jun '10. The highs were Dec. '09 and May '11. The US blowing through the debt ceilings and QE forever and increases in the money suppy have had NO EFFECT on the US dollar vs. a basket of the other currencies it trades against.
There has been NO relationship between the dollar and the stock market or even the economy. Just look at a chart.
Was there really ANY CHANCE we could close very far from 84.00?
4:00PM Bid = 83.99
4:00PM Ask = 84.00
4:00PM Closing Print = 83.99
This is the Ronco market. Set it, and FORGET it.
It's a Holiday Week. People never worry on holiday's. It's just one big debt creating FREE CASH SPENDING spree. It's what the Santa Claus Rally is all about. FREE MONEY to spend or invest or do anything you want with.
Makes sense. If 80B per month gives us less than 160K new low paying jobs then we'll need 140-150B to create the 300-400K new hotel cleaning service jobs required.
We spend way too much time thinking about Israel. They are an insignificant little country with an insignificant group of religious zealouts we should simply leave alone.
QE MUST generate new market highs every month without ever getting the unemployment rate to the 6.5% target. The longer it takes without getting there, the higher the market goes. At some point, someone will make a big bet that will get noticed and someone will try to lock in/protect their outsized gains. Then finally we'll get more normal volatility. Or maybe not. Maybe the Fed has found the Holy Grail of stock trading algos and will install a permanent bull market. They can do whatever they want.
...but only took 40 minutes to get right back into the 84.000000 Option LOCK.
Could have taken the day off. Buy at the open, put in a 84.00 limit sell order and forget about it.
That's not a solution to a low volatility market that goes back and forth in the short term in a very tight range and gradually trends in the long run.
The money from the INTC being sold goes directly into index ETFs. That's what the Bots are doing. Obviously fund managers can't dump all their INTC into this low volume market no matter how much they might like to so they take advantage of the re-balancing that normally happens when a major index component loses its relative value. The notion of a "bellweather" stock effecting others is now gone.
Is your deity your master? Is he your magic man in the sky? Do you think he talks to you like the guiltless George Bush thought before he sent 4,000 Americans to their death in Iraq/Afghanistan?