More Easing Ahead

I saw this picture sometime ago at Minyanville and thought it was hilarious given the current market environment.

Fed chief Bernanke made it fairly clear yesterday that interest rates would move lower given that “the economic situation has become distinctly less favorable,” and “the risks to this outlook remain to the downside.”

This was an obvious sign for the dollar to head further south, which boded well for our gold and Swiss Francs positions. The markets ended almost unchanged as a morning rally could not be sustained.

Our Trend Tracking Indexes (TTIs) barely moved from yesterday, and we continue to abstain from any investment in the domestic market.

About Ulli Niemann

Ulli Niemann is the publisher of "The ETF Bully" and is a Registered Investment Advisor. Learn more
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