My Goodness

日期:2012/08/02

My Goodness, the market is up a reasonable amount overnight, very much unchanged from Wednesday close, and there were many very positive things in the fed statement. "They will be monitoring the situation closely", which usually means an interim intervention. Remember, "the threat is worse than the execution". The statement of the Fed had many threats that they would intervene to buy assets with the slightest provocation. There was nothing bearish about what the Fed did, and only 10% expected the Fed to do something different. All this talk about throwing O to the wolves is non-market talk, like me talking about the chip industry when I know nothing about it. "The wish is father to the thought".