First the Keynesian Stupidity.
Is there any provision to take back the Nobel prize?
The governments of the world thought that they can stop all recessions just by pumping in more money, printed out of thin air. Bubbles replace bubbles and pop ups are messier.
The stock markets continue to go up and Gold jumped more than $ 30 just by the whisper of QE3 in the minutes of the Fed meeting. The markets are overbought and corrections, even if limited, is due any time. May be tomorrow. There is no clear trend, just HFT confusion.
In that confusion, NASI gave a buy signal.
How much to act on this signal is big question. In the past, this signal has been quite good. So again, no clear trend. I am expecting Euro to continue moving up, after a brief spell of weakness. If that happens, we might see the general stock market also move up.
But move up or down, it is a market for day traders. Investors better stay away.
P.S.: A very nice short clip from BBC; http://www.bbc.co.uk/news/business-14678859
The governments of the world thought that they can stop all recessions just by pumping in more money, printed out of thin air. Bubbles replace bubbles and pop ups are messier.
The stock markets continue to go up and Gold jumped more than $ 30 just by the whisper of QE3 in the minutes of the Fed meeting. The markets are overbought and corrections, even if limited, is due any time. May be tomorrow. There is no clear trend, just HFT confusion.
In that confusion, NASI gave a buy signal.
How much to act on this signal is big question. In the past, this signal has been quite good. So again, no clear trend. I am expecting Euro to continue moving up, after a brief spell of weakness. If that happens, we might see the general stock market also move up.
But move up or down, it is a market for day traders. Investors better stay away.
P.S.: A very nice short clip from BBC; http://www.bbc.co.uk/news/business-14678859
No comments:
Post a Comment