Now The Depression Begins…
Even though we didn’t get the sell off I was looking for last week, the market never went anywhere but sideways. It seems like the small injection of $30 Billion just delayed the selling for a few more weeks, as it certainly didn’t produce another leg up in the market.
The Legatus Pilgrimage ended on September the 20th, and Bernanke states that no QE2 will be implemented, but that they will do whatever is needed to the support the banksters (errr…. the