Imagine a treasure map. There’s a ‘Start’, a winding path, and an ‘X’ that marks the spot.
But the ‘QE Forever’ treasure map is different. On the ‘QE Forever’ map there is a treasure at each step of the way.
It is a map cluttered with treasure for short term traders.
Why?
Because the ‘QE Forever’ speech means a multi-year trading range. Like Japan.
It means no growth, no change in employment just a slow, painful limping along for the economies of the world.
It means rangebound markets that cycle from low to high and high to low.
It means big cycles when correlations are high.
It means small cycles when correlations are low.
It means Traders win. Big.
Because we have Bernanke’s map and an edge.
Fortunes will be made here,
–h
503-701-5741
PS Call me if you need an edge. We have one. Trend Day Forecast Performance July 2012 We’ll rent it to you. We even have traders who will trade it on your firm’s behalf.
*Bernanke can’t solve employment problems because they are systemic (unemployment for college grads is about what it’s always been, unemployment for unskilled and uneducated has climbed)and generational (the retiree’s can’t retire and make way for the next generation of workers because they lost their retirement money in the collapse) so his speech is simply license to print until he runs out of paper.