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Wednesday, October 28, 2015

Fed has no credibility .

Morning readers

Finally we get some news to talk about.
The fed now has a December agenda to raise rates!
The market rallies on it ..... You have to laugh seriously..
The economy is fragile as it is and the fed is going to raise rates just before Xmas...
If you believe that then your a fool.
That's why the market rallied today the hot money doesn't believe a word of the fed and neither should you.
All the banks around the world are behind the game.
If they are going to continue using primitive economics then that's where economic policy will stay, in the stone age.

On the political front I'm so happy today that Carson is ahead in the polls for the republican nomination.
His got Donald spinning about not being ahead in the polls.
As for the other candidates there wasting there time and money.
Jed Bush has no chance, thanks to George W.
People don't forget what life was like.

What's heartening for the republicans is that Carson can sway the swing voters and that's what needs to be done, not just pick up the republican votes.
I don't see anyone else in the Republican nominees doing that.
It's my view that I think his the only person to take the fight right up to Hilary and maybe win.

In trading
Today will start looking for shorting opportunities for Friday's move.
Wall Street blew past levels which long term shorts where and had to cover traders.
No need to rush any short positions, watch your work and if it comes take it if not wait.

By the way to the Australian readers, don't anticipate a rate cut before Xmas.
If for some reason the RBA does move 63 is the next point on the $A.
Only a fool would act just after the banks moved rates up because of recommendations by the RBA.
See how the market is fooling many small traders.
Authorities around the world have worked out how to play its people with the media.

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