Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 10th of September.
My question has always been, who is the glass maker? ( China? )
Over the weekend the legendary currency speculator, George Soros, shared with everyone his ideas on the Euro crisis. Mr. Soros indicated that Germany is the problem and needs to compromise big time with its Euro partners. That remains to be seen, as the German court will vote on Wednesday on what Germany can and cannot do.
This week should be packed with news coming out of Europe, and we could have the Fed making a QE decision later this week.
One thing is clear, INFLATION is on its way. That is the reason gold, silver, and copper are all headed higher and in the early stages of a bull market.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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There is a glitch on prices for XOP on August 27, .12 in Market Club records and charts.
My question has always been, who is the glass maker?
JOHN BLOW DOUGH.
IS THE GLASS HALF FULL OR HALF EMPTY?
It ain't either. It's full of RED ink and running over.
Ronald Reagen said,"The government is like a baby's alimentary canal, with a happy appetite at one end and no responsibility at the other.
Unfortunately, we are still paying off Reagan's deficit spending..........
Are we paying for anyone else's deficits pre-Reagan and post- Readgan? And unless someone becames a Canadian I think that party will wind up paying Big Zero's debt plus regular trips down to the blood bank to raise still more money.
And the current folk think feeding the canal with money electronically created by the Federal Reserve will satisfy an endless stream of needy at the other end.