To give them endless more free punch OR to actually let the reckless teenagers of the market know that one day the central bank might actually act like an adult .... THAT is the question
The showdown between bulls and bears will commence at 2:15 PM tomorrow....
.... at which time we all act like lemmimgs herking and jerking the market around as if 2 words in a statement will change the destiny of the galaxy. (perhaps even the universe) We sit right below the 50 day moving average on the S&P 500 again. All it will take is Father Ben Bernanke to bless his minions with promises of endlessly more free money for "an extended period" of time and we can post more bear hides to the wall.
Then after acting in a mindless manner for 105 minutes Wednesday afternoon, we will forget about that "all important" decision by mid day Thursday and repeat the whole exercise premarket Friday at 8:30 AM. We will call this "investing".
Such is life in the computerized, HAL9000 driven
"I, Mark, do solemnly swear to follow PhD programmed algorithms in whatever direction they determine that 2 words in a Fed statement here or 28,000 jobs plus or minus there, shall deem us worthy to go. I shall then chant "the market knows all" and "as long as the market goes up, all is right with the economy" as my dogma handbook says, while smiling for CNBC."
