• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Daily US Opening News And Market Re-Cap: June 23

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Thu, 06/23/2011 - 09:41 | 1394367 Iam_Silverman
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My prediction is that the DJIA will soar today.  Who knows, 150 or 200?  Once it sinks in that we are pulling out of Afghanistan, the government will have tons more money to pile into the equities to promote their "wealth effect"!  the "smart money" will buy in now thinking that this will be merely a dip as stealth POMO kicks in with a renewed "twist" and more money to spend (due to lower defense expenditures?).

 

To da moON---->

Thu, 06/23/2011 - 13:49 | 1395617 Iam_Silverman
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OK, maybe I was a bit optimistic?  It's gonna be a tough slog for the PPT to pull off their usual afternoon ramp into green.....

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