Good morning all!

The Fed move this morning has completely changed the outlook for the markets today.

This makes me think that those using technical analysis to call the markets must be pulling their hair out. For example, Frank Barbera does very careful work based on years of experience, but how the heck do you incorporate moves such as today's into that analysis?

On the other hand, Puplava et al. include fundamentals and market (Fed) psychology into their considerations; Puplava has continually said that he thinks the money printing has just begun,and this is why he would be leery about trusting technical analysis alone.

I do feel bad for analysts like Barbera; I think most of his work makes sense; the problem is the markets are no longer about "sense"; they are about desperate people doing desperate things...

I just hope Uncle Jim's knowledge of cookies (Oreo) is as good as the rest of his work!

stone