"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, August 10, 2010

Let the Pablum Parade resume...

Here is a quote by some mug in the MSM.  Am I the only one who gets upset reading these robots and their meaningless drivel?  Listen to the robots and you will not care that these maniacs are mortgaging your childrens' future.  Listen to these robots and you can just get hopped up on asset mania greed and pretend you are investing.  The country is bankrupt, broke and climbing further out on a limb and all robo-strategist here has to say is that "the Fed is on top of the situation".

Robert Pavlik, chief market strategist at Banyan Partners LLC in New York, said stocks recovered because the Fed's statement "tells the market that the Fed is on top of the situation and if some additional forms of quantitative easing are necessary down the road, it looks like the Fed is ready to act."

And yes, I am getting emotional.  Hey I'm not a robot.  That's why I use charts and indicators.