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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Dots

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Thursday, May 16, 2013

More Weak Economic Data...My 2-Cent Opinion

More weak economic data was released today (Thursday), as shown on the graphs below.

Isn't this just another signal (in addition to previous weak data) that the Fed's monetary/economic stimulus policies of low interest rates and bond-buying program is not having the effect that it desired? The only effect seems to be a higher stock market, which is in the green, once again (and at/near all-time highs), as I write this at 11:30 am.

I wonder if economics will ever play a role in the stock markets again...as long as the markets have the Fed's tacit approval to carry on, I don't think so...therefore, data releases are irrelevant.