I knew it...i knew it...i knew it...i said yesterday something really...really smelt fishey...and BANG!...stock market up - biggest gains in 5 years....just sick.....
The Fed has pretty much decided to buy this so called AAA mortgage securities....which i think is a good move..so the question is...will this change any of the trends we are watching?....
I think short term..YES...but long term don't think so...the underlying problems remain...Sub-prime, weak consumers spending, corporate losses.....
I'm remaining on the sidelines until this clears up as i suggested yesterday.
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