Morning all
First I can answer the questions put to me then comment.
1. While inflation is running wild at the present time in the US it's not in the numbers because the way in which the US gauges inflation is some what distorted.
The US inflation rate is on the wage, and service levels of the population.
Its the only country in the world which does that.
It for some reason excludes gas and power bills, it excludes food and the cost of goods, in fact it excludes just about everything except wage inflation.
So the US would never have inflation under these conditions..
But every house holder knows that everything is going up and no inflation...LOL
Anyway inflation will show is head if the dollar falls under 70... till then its then but the FED wont admit to it.
The V/C tomorrow yes is negative but not as potent as one thinks.
Also there are positive transits which will counter act the move so I would use caution if wanting to short the market.
The positive aspect far outweigh the negatives.
Today I am looking for the market to drop as it did on globex and then pick up and close in the positive.
The market will have some of its players coming back this week with the rest coming next week and I am assuming they will all want to be long with the profit reporting shift into full swing.
cheers
First I can answer the questions put to me then comment.
1. While inflation is running wild at the present time in the US it's not in the numbers because the way in which the US gauges inflation is some what distorted.
The US inflation rate is on the wage, and service levels of the population.
Its the only country in the world which does that.
It for some reason excludes gas and power bills, it excludes food and the cost of goods, in fact it excludes just about everything except wage inflation.
So the US would never have inflation under these conditions..
But every house holder knows that everything is going up and no inflation...LOL
Anyway inflation will show is head if the dollar falls under 70... till then its then but the FED wont admit to it.
The V/C tomorrow yes is negative but not as potent as one thinks.
Also there are positive transits which will counter act the move so I would use caution if wanting to short the market.
The positive aspect far outweigh the negatives.
Today I am looking for the market to drop as it did on globex and then pick up and close in the positive.
The market will have some of its players coming back this week with the rest coming next week and I am assuming they will all want to be long with the profit reporting shift into full swing.
cheers
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