Fed Rally Fails - Emini Podcast | Episode #1,557
Fed Rally Fails - Trading The News Can Be Tricky Business
As surmised in our previous post, Pre Fed Fibs , QE4 is now underway and traders are scratching their head as they try to determine if the Evans Twist is good, bad or a trick. Along with QEinfinity, the Ponzi scheme has escalated to include the purchase of $45B of treasury notes each month on top of the QEi commitment to purchase $40B of mortgage backed securities.
It was announced last week by the Chinese government on a Chinese web site that China has a new toy. It amounts to a very large gun and it's pointed at America. Notoriously cryptic about the extent of its nuclear arsenal, China announced the launch on chinamil.com.cn a Chinese military news site. The DF-31A is believed to have three warheads per missile and a range of about 7,000 miles. This makes any city in America a reachable target and it can be launched from the back of a truck.