A bad little Ben Bernanke poem
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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Author Jim Kingsland
Market commentator with focus on Gold and Silver after long broadcast career at FNN, Bloomberg, and Fox. #RandomHouse published author on PMs. Jim has also been involved in projects for CAC and Coinplex.
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