Well, folks, I pretty much said all I needed to say in my video (see prior post), so I’ll leave you with the latest charts from the weekly “Fed Spread” data. This is particularly appropriate since I just sent a cargo ship full of cash to Washington D.C. and Sacramento for taxes (in exchange for……….let’s see……….ah, here it is, the right not to be in prison; thanks, fellers!)
All of which leads us to an S&P 500 that is, appropriately, 500 points too high!
