Thoughts For The Morning:
1. When the Dow is down 500 points in the blink of an eye this is bad and needs to be investigated. Market orders are bad in this flash crash!
When the Dow is up 500 points in the blink of an eye this is good and congratulations are in order. Market orders are good in this flash boom!
2. On the lighter side, financial TV headlines are saying Bernanke is taking the Fed to the brink of draining. The headline should be that the Fed provided $350 billion to support the EU. One trillion in QE was initiated today.
3. Gold will trade at $1650 and beyond.
4. The Euro must be sustained above $1.29 to declare any market success.