I have short comments on the weekends bail-out; Now we got:
- Higher energy prices
- Higher food prices
- No credit creation in private sector...
and courtesy of US Government
- Much higher yields! T-bonds down close to two full points in Asia.
The US Government must clearly think we are idiots - the above cocktial should mean higher stock prices for sure - if you live in Fantasy-land!
I am only involved through options but this could be case of 3% up but week down 10%
Excellent link here: http://abnormalreturns.com/ (weekend link fest)
Good luck - the only guarantee for now is: Higher volatility.
Will give full report Tuesday - in transit back to office.