The Chart of the Day…

difference-between-using-qe-and-not

Chart comes courtesy of RogueTraderette.com and it offers a perfect comparison of what QE does to a country that employs it (USA) versus one that does not (Australian Market). Now you see how artificially inflated our market currently is. 

Quick Glance at the Market Heat Map and Industries

heat-map-9-17

Notables:

  • What goes up must come down – note: Financials and Basic Materials.  
  • Outside of Health-care and Technology there really weren’t any shades of strength in the market today. 

SharePlanner Compass:

stock-market-compass

We saw some of that consolidation today finally, and that may be all we get – a lot of buying into the close which is a classical ‘Buy-the-Dip’ market mentality. 

And of course…the RIDICULOUS!

Ben Bernanke was involved in a high-speed chase shortly after announcing QE3 – you don ‘t believe me? See for yourself. 

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