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Message: The Hand of Intervention

The Hand of Intervention

posted on Sep 09, 2008 05:58PM

Good chart below that displays market sector performance since the central bankers waved their magical wand of intervention. Considering the most sorry state of banking institutions and overly indebted consumers, it is almost a joke that the consumer staples/discretionary and financial sectors would lead the charge since mid-July. Watch how fast this fairytale trend reverses once the USD pump breaks down.

Most interesting that the cartel attempted to engineer a take-down out of the gate in Asian trading tonight. Nothing like painting an illusionary picture of a "global" sell-off in PM's.

Great posts tonight folks - VHF

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