As much as we would like to celebrate QE3 with the rest of the world tonight we can't. Even though our last Tweet for the September S&P Emini Contract posted an impressive gain, 3 things prevent our celebration.
#1) The Emperor has no clothes.
#2) The would be Emperor has no plan.
#3) The FED has no clue.
So with no clothes, no plan and no clue, our hearts are heavy tonight for every man woman and child who must bear the brunt of what is yet to come. We are a people enslaved by our debt.
7 years ago our clarion call as CFRN first broke the air waves:
#1) Don't buy the houses.
#2) Don't take the loans.
#3) Buy Gold.
Beyond the devastation of our economy, we weep for Christopher Stevens who was altruistic enough to place his fate in the hands of Barack Hussein Obama and Comrade Hillary Clinton. We pray for every US Ambassador and every Soldier tonight who stands their post on foreign soil. Our prayer is that our government will not betray you. Our prayer is that after you have faithfully served your country, there will still be an America to come home to.
S&P500 Emini Futures
Our last Tweet on the September Emini Contract was to consider being long above 1438. It took a few days to come together but the Fed announcement today put it over the top. For better or worse...
(ES) SP 500 Emini Futures
All Tweets going forward will be for the December contract ESZ2.
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