That's great, it starts with a head-fake, market shakes, and dive planes – Ben Bernanke is now afraid. Eye of a hurricane, suddenly rates turn- banks serves its own needs, regardless of the world needs. Tighten up a notch speed, lend no, strength no. Fiscal matter clatter with fear of height, debt plight, gas on a fire, represent the seven games in a government for hire and a  wealth tax hike left wing, wasn't cutting in a hurry with the Chinese breathing down your neck team by team reporters baffled, trump, tethered drop. Look at that cash drain! Fine then, uh oh, oversold, capitulation, common stock, but it'll do. Save yourself, serve yourself. Fed said it’s a misread, listen to market bleed. Tell me with the rapture and the reverent in the right - right. You vitriolic, patriotic, slam, fight, bright light, feeling pretty psyched. It's the end of the QE as we know it. It's the end of QE as we know it. It's the end of the world as we know it and I feel fine.

QE infinity may not be forever and if the Fed has its way they are going to give you plenty of warning before we see the light at the end of the tunnel.  What we have here is a failure to communicate.  Fed Governor Janet Yellen and Ben Bernanke’s gave a speech yesterday on what the Federal Reserve could do to promote better monetary policy by sending us better signals. As if QE forever wasn’t enough it seems better communication is something. Ms Yellen it, she basically  she say that know the Fed foretold the Fed's next move: Rather than saying things like "We'll have low interest rates through 2015" the Fed will say things like "We'll have low interest rates until Unemployment falls to 7%" or something. 

 Oil of course is owned by the Fed. Forget what you hear about OPEC it is the FED and QE is what makes the market tick. When the Fed signals a change in policy may be the next big move. That and Europe and oh yes that Fiscal cliff thing.

Oil rocking on a report that Israel killed a Hamas leader.

Oil inventories delayed but looking for builds, Nat gas is going crazy. First’s withdrawal of the season excitement! And maybe winter? Not Temps should be above normal. Platinum and palladium rocking! Make sure you are getting the Power to Prosper! Tune into the Fox Business Network! Also sign up for my daily trade levels!   


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Phil Flynn

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