A Tale of Two QEs II

BarroMetrics Views: A Tale of Two QEs II

The price action in the S&P’s for Sept 10 and 11 provides examples of what I meant in yesterday’s piece. For each day we see a lower open followed by a push up. This I believe will continue until a Black Swan event occurs shattering the belief that the FED can forever keep US stocks up through QE. (Figures 1 & 2)

What might that event be?

Certainly FACTA may fill the role of event catalyst. Here is an excellent piece by Peter Schiff. Took long to quote so I am attaching as a PDF

 01-nv30-min.png

FIGURE 1 S&P 30-min

02-nvd.png

FIGURE 2 S&P Daily

facta-neighborhood-bully.pdf

Leave a Reply

Your email address will not be published. Required fields are marked *