Cheap Money Means Nothing

Cheap Money Means Nothing

This morning the stock market is going bonkers once again because the President agreed to a bipartisan tax deal to extent the Bush tax cuts. The bipartisan agreement also included an extension of the government unemployment insurance which is already 99 weeks long and a payroll tax cut. This seems to have been the main catalyst for the spike higher in the S&P 500 Index futures.

On Sunday night the 60 Minutes interview with Ben Bernanke was aired. In this interview the Federal Reserve Bank Chairman defended his position to buy another $ 600 billion in U.S. Treasuries. He also said that he was 100 percent sure that this action would not cause inflation. As we should all know by now oil is trading over $ 90.00 a barrel and gasoline is trading at a new high for the year. Copper, gold, silver, cotton, and many other commodities continue to make new highs. However, the Federal Reserve Bank Chairman Bernanke does not see inflation as being a problem. He also said that his quantitative easing action does not effect the money supply. He is right it effects the cash reserves and this causes commodity prices to rise. The next time that Chairman Bernanke gives an interview it should be conducted by a trader or someone that understands markets. The interview should not be conducted by a television reporter that obviously does not know the first thing about market mechanics and manipulation. Shame on 60 Minutes for worthless interview.

Today the U.S. Dollar Index is losing some ground again. As the U.S. Dollar Index declines the major stock market indexes inflate and trade higher. When the U.S. Dollar Index rallies or trades higher the major stock indexes deflate and trade lower. It is just simple at this time. Since the year 2000 the cheap dollar policy has been administered and the stock markets have experienced two major bust cycles since that time. Therefore, we can all enjoy the rally in the stock market while the music is playing. However, once the party is over it is only those with the insight that will be able to jump off or get out of the market at or near the top. This current boom cycle is likely to lead to another devastating bust cycle. Cheap money is what we have at this time and this policy has really lead to quicker boom and bust cycles. The unfortunate fact about cheap money is that each bust cycle is probably going to be worst than the one before.

Nicholas Santiago
Chief Market Strategist

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

All Tangled Up…

All Tangled Up...

The wiring situation at the back of my computer… mainly thanks to all the external harddrives. I could also do with doing a bit of dusting I guess.

Glasgow, Thursday 8th February 2007.

Posted by Crimson Glow Photography on 2007-04-08 21:18:16

Tagged: , home , flat , bedroom , tenement , glasgow , west , end , west end , broomhill , jordanhill , wires , plugs , power , computer , pc , wire , plug , socket , sockets , surge , protector , extension , block , three-pin , adaptor , adaptors , external , harddrive , harddrives , usb , cables , cable , day-glo , uv , Canon EF 24-105mm f/4L IS USM , 5d , black , white , black and white , b&w , tower , floor , wall , floorboard , floorboards , netgear , antec , boring , life , nothing , bored , tangle , tangles , messy , untidy , tangled , still life , minutiae , depth , field , bokeh , depth of field , scotland , uk , great , britain , great britain , united , kingdom , united kingdom

Tribute to Flickrites

Tribute to Flickrites

So i decided to tag alot on this to make up for all the tagging i don’t do. (i hate it) i wish i could post this into like 20 groups like some poeple do on flickr. this is a tribute to all of them out there. post your pictures put some tags (3 to 6 at most) add it to about 2 to 3 groups and then shoot some more than waste you time on here…. off the soap box now….

Posted by rych on 2006-07-08 01:00:49

Tagged: , landscape , nashville , red , white , kalonick , me , girl , stupid , car , thing , earth , smail , computer , nothing , boy , dog , star , pillow , flickr , rich , rych , july , summer , coffee , tree , flower , rust , green , purple , apple , pear , salad , shower , rain , fall , that , this , tag , tags , hola , look , picture , camera , 2.8 , macro , lensbabies , world , usa , soccer , football , event , cameraphone , yellow , wood , rotten , socks , fan , baseball , digital , web , canon , nikon , pentax , lomo , noise , grain , film , focus , tuna , river , lake , airport , nice , comp , RGB , gusty , weather , blue , flood , boat , sail , moble , music , rap , indy , emo , photo , photography , 37212 , jim , jason , pete , hate , sad , beach , towel , jeans , soap , pink , shirt , sandals , wire , tv , tlc , love , tape , weeds , rock , safari , lion , meat , steak , butter , more , rice , plate , deleteme , 123group , mostviews , 1000views , 500views , 1view , 90points , 80points , saveme , safe , ball , color , b&w , blackandwhite , info , frown , sapppy , woof , meow , done , finish , tagme , tagyou , home , apt , 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 , yours , mine , his , there , theris , video , dvd , movie , pic , jpeg , raw , cr2 , cs2 , sepia , h20 , 10d , 20d , 30 , d1s , markII , d100 , d200 , d2x , d1x , d2h , d2xs , rainbow , path , mountain , hill , stream , creek , peacan , life , happy , joy , crazy , PMS , excercise , cars , drums , mr. wiggles , my blue heaven , exhaustion , can I think of any other weird stuff?

Sad love quotes when you have nothing to say

Sad love quotes when you have nothing to say

Sad Love Quotes No young man starting in life could have better capital than plenty of friends. They will strengthen his credit, support him in every great effort, and make him what, unaided, he could never be. Friends of the right sort will help him more – to be happy and successful – than much money.


Sad Quotes If a man should importune me to give a reason why I loved him, I find it could no otherwise be expressed, than by making answer: because it was he, because it was I.


Friendship is born at that moment when one person says to another, “What! You too? I thought I was the only one!


An insincere and evil friend is more to be feared than a wild beast; a wild beast may wound your body, but an evil friend will wound your mind.


Mess with my friends, you mess with me. Hurt them and then you’ll see. I’ll make you’re life hell because I’d give my life for them, and take yours as well.


Sad love quotes – Oh the comfort, the inexpressible comfort of feeling safe with a person, having neither to weigh thoughts or measure words, but pouring them all out, just as they are, chaff and grain together, certain that a faithful hand will take and sift them, keep what is worth keeping, and with a breath of kindness blow the rest away.


A part of you has grown in me. And so you see, it’s you and me together forever and never apart, maybe in distance, but never in heart.


Women can form a friendship with a man very well; but to preserve it–to that end a slight physical antipathy must probably help.


Everyone is your best friend when you are successful. Make sure that the people that you surround yourself with are also the people that you are not afraid of failing with.


There will always be people you can’t believe you were friends with, boys you can’t believe you kissed, and people you can’t believe you lived without… people change but if you’re lucky a certain few will change you.


Sad quotes – The world is so empty if one thinks only of mountains, rivers and cities; but to know someone who thinks and feels with us, and who, though distant, is close to us in spirit, this makes the earth for us an inhabited garden.


I have never appreciated a quiet moment with a friend as much, a quiet moment with a book and I think part of that is my obsession with being older and time going faster and it’s become increasingly sweeter for me.


Remember, we all stumble, every one of us. That’s why it’s a comfort to go hand in hand.


Quotes – The proper office of a friend is to side with you when you are in the wrong. Nearly anybody will side with you when you are in the right.


Maybe some people just aren’t meant to stay in our lives forever, maybe some people are just passing through. It’s like some people just come through our lives to bring us something, a lesson we need to learn, and that’s why they are there.



Sad Love Quotes for your Sad Quotes moments when you need to read Sad Quotes