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发表于 2011-4-19 01:00 PM
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in xingxing we trust
The trading environment trends reacted swiftly and decisively to the sharp increase in selling pressure Monday. Yesterday, in this space, it was noted that two near-term trend indicators had reached oversold statuses and were headed up; but for a near-term uptrend to materialize the two rising indicators needed to be joined by one of the other near-term trend indicators, the NBDV or NBDI, which were moving sideways. Instead of a third indicator joining the move upward, all four indicators reacted downward, setting a lower base from which the market indices will need to commence their rallies. The DJIA is still expected to rise to 12,500 when positive earnings reports, particularly for industrial stocks enjoying improved margins, begin reporting in large number today.
At a minimum, the Fed is considering continuing to reinvest at the rate of $17 billion per month the proceeds of its $600 billion QE2 investments made over the seven months ending in June. It may seem paradoxical but the Standard and Poor’s negative outlook call may stimulate even more Fed liquidity support. The U.S. Treasury secretary stated, summoning a tinge of bravado, Sunday that the U.S. will always pay it obligations, and thus the Congress must vote to raise the debt ceiling shortly. Since under any scenario, federal expenditures will exceed federal tax revenues, to pay its current obligations, the U.S. is dependent, as it has been for 30 years, on borrowing from other sources to fund the shortfalls. One such source, made even more important if debt ratings fall and interest rates rise, is internal borrowing (interest free) from every citizen who buys goods and services with the U.S. dollar. That is what QE2 boils down to and that program is unlikely to be abandoned any time soon. Thus stock prices likely will be stimulated by a continuing flood of new dollars from the Fed. |
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狗仔卡
多谢老大！
发表于 2011-4-19 12:59 PM
