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RANsquawk US Event Preview - Fed's Bernanke at Jackson Hole - 31st August 2012
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It's almost like waiting for Santa...with the difference that Ben's elves only wrap gifts for banksters. Oh, and the gifts are from the rest of us.
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How sweet would it be if the bernank came out and said he was buying every future and equity and currency for the next 6 months. :D I mean this is really the only time we get to fantasize.
& while everyone is expecting bernank to say nono to QE hopefuls, I'm sure he is crafting the ultimate speech to be as fucking vague as possible- 'at some distant point in the near future the fed will begin another qe operation if the market appears to need it'... Which = same old same old. maybe one day the bots will figure out this means, market lower = qe. not market higher. stupid bots.
At the same time, I would just like to note, that the market has not been rallying up for 2-3 days in anticipation of the fed meeting. SOOO.
What does this mean for the post-meeting. Epic collapse?
Well, considering someone is jacking the shit out of the futures, I can take a good guess at what's going to be 'said'.