Bulls Take The News They Like: Dave's Daily

Here's the deal in a nutshell: there is global money printing going on to boost asset prices particularly in an election year. All politicians have embraced Keynes as their salvation even if their easing will get out of control. Since the end of the Eisenhower administration the buying power of $1.00 is equal to $7.46 in 2011. And since the Bretton Woods agreement $1.00 has the same buying power as $5.51 in 2011. That's what Keynesian policies yield and is why investors have purchased gold and will continue to do so.

Thursday will be Jobless Claims, Retail Sales, Bloomberg Consumer Comfort Index and Business Inventories. And, we will be given a respite from Fed governors campaigning for their policies although Lacker and Evans speak on Friday.

Let's see what happens.

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The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security.  Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period.  Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com.

 

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

Dave Fry is founder and publisher of ETF Digest, Dave's Daily blog and the best-selling book author of Create Your Own ETF Hedge Fund, A DIY Strategy for Private Wealth Management, published by Wiley Finance in 2008. A detailed bio is here: Dave Fry.

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