And why do we refuse to raise interest rates?
Gold + 8.5
Indexes gap up on incredible oversea's strength. The charts which I think are important are posted.
COF reported last night and the results were not good. Anyone who thinks that the housing market is not affecting the economy is just wrong. There are problems with consumers and in CDO's MBS. These are not going to simply fade into the night.
The semi's are trying another breakout and 36 SMH is key for tech in general.
I guess the world has come to the conclusion that rates will never go higher. The ROW has no interest in selling bonds.
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