Tuesday, June 19, 2012

1364 on the S and P 500 and then what happened?

The S&P 500 hit 1364 on the money and stated to sell off.  The market surged on the hope of central banks around the world coming to bailout countries with looser monetary policies.  The question to ask yourself, have you been the last fool who holds stocks while the Central banks have been buying assets the last two years along with you? Who will by the buyer when the central banks need to liquidate?

Think about it tomorrow when the Federal Reserve makes the grand announcement tomorrow that every investor in the world wants to hear. Operation Twist or QE3. Who cares!

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