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  Jim Kingsland

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  General News, Jim Kingsland Market Commentary

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  8/3/12

  A bad little Ben Bernanke poem….

  Ben Bernanke, head of the Fed, you have left a number of market participants Cranky!

  Any day, now; Any day now, you promise QE on a platter to make the world of expectant QE beggars more swanky.

  But for now, will it be a worst case scenario of a market biased weaker, or stuck in place?

  So many bought weekly puts thinking recent market gains would be erased without a trace.

  But instead of market doom and gloom the market flailed as it waits ever longer for its QE Holy Grail;

  We’re wise to Ben Bernanke and know he will hit the QE button, or the markets will eventually fail.

  A good lesson learned, avoid weekly bets on moves in the SPY calls or puts; give yourself more time;

  It’s Draghis turn Thursday to put up or shut up and it’s unlikely anything from that guy shall be construed as sublime.

   –

  I know, I know, I shall stick to my day job.

  More later this morning.

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