Eugene David
...The One-Minute Pundit

Friday, December 03, 2010


"Markets will interpret this negatively at first. They will focus on the chronic unemployment that is growing more pervasive in the US," David Kotok, chairman and chief investment officer at Cumberland Advisors, wrote in an analysis for clients.

But "financial analysts will realize that this will extend the already 'extended period' of Fed QE for many more months," he added, referring to the central bank's quantitative easing plans. Finally, he noted that "expectations were jerked back to reality today" but that "we remain fully invested in the US stock market."


TRANSLATION: YIPPEE!!!!! UNCLE BEN'S GIVING US MORE MONEY TO BURN!!!!!

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