enough!......now we'll see who's really long or short..... bear or bull...trader or investor. Now we will see if the economy can grow on it's own., well..... at least without 10 billion more fed bucks.
i'm old school, when markets could be evaluated on fundamentals...not phony economics and made up #'s from the gov..if you pretend to have the secret please let us all know. Until the fed is out there is no Normal.
when asked about long term unemployment, and structural causes. he went to the( old and tired) line all politicians use,....EDUCATION. and said it is critical to employment..but then he stopped himself COLD in his comment and said, "But , we don't necessarily need more P.H.D's".....Baaaaaahaaaa.
his INSIGHT is so....Brilliant ...he just described what the real problem actually is....WE HAVE TOO MANY OVER EDUCATED PEOPLE....and at the same time, WE HAVE TOO MANY PEOPLE THAT CAN'T EVEN SPEAK ENGLISH....not to mention NO JOBS...
Big guy's looking for capitulation trade, probably around the 1k mark if not 900 mark. i would be a buyer at 800.