Market Report 9/24/15

Janet Yellen got dehydrated today during a long speech discussing an interest rate that has been at zero for 7 year and she wants to keep it there indefinitely being afraid of yet another crash. Translation? The Fed is cornered, (please read the definition of risk blog few days ago), the only way out is through negative interest rates or inflation. $DJI futures are at +37 after the market probed the 16,000 level and bounced back, probably due to funds injection by the Fed. Market leaders like CAT lost big, (down 40% from the high) while $DJI is hardly down 10%. Daily trend is up, yet market is going down, a contradiction that will be resolved shortly. The powers to be don't want to see their dreamed and most profitable Obama/Buffett bull market come crashing down, so the declining triangle game will continue for the time being until selling crushes the market makers. The only bright spot is gold, a weekly buy at 1153, R at 1178, secular trend still down. This is still another contradiction, since oil demand is weak, and general deflation is wide spread. While the CFR controlled networks are throwing mud at Trump, people should pay attention to the infolding monetary crash that can halve your money due to devaluation or a sudden burst of inflation. Pay your debts , or buy your cat a silver coin as the joke goes......................................................................................................... Disclaimer: Investing in the stock market involves risk of loss. The market commentary provided by bibi1581.blogspot.com is for entertainment purpose only, and it is not to be construed as suggestion or investment advice to buy or sell securities. Always consult a registered investment professional or broker before committing money to any stock or option instrument. Bibi1581.blogspot.com is not responsible for any direct or consequential losses incurred in violation of this disclaimer. Read all SEC rules and regulations before making investment decisions.