Today’s Call: Dow Jones Industrial Average to rise. Currently 11,952.
Rationale: Assumption that the plunge protection team will move over the weekend to prop up the Dow, a widely watched stock market indicator.
Calls to Date: Good Calls: 28, Bad Calls: 19, Batting .596
Key Indicators for Friday, June 10, 2011
MINT Perceived Target Rate*: 2.25%
Unemployment Rate: 9.1%
Inflation Rate (CPI): 0.4%
Dow Jones Industrial Average: 11,952
M1 Monetary Base: $2,022,700,000,000 RED ALERT!!!
M2 Monetary Base: $9,005,800,000,000 STARTING TO DRY UP? NOT!
*See FED Perceived Economic Effect Rate Chart at bottom of blog. This rate is the FED Target rate with a 39 month lag, representing the time it takes for the FED Target rate changes to affect the real economy. This is a 39 months head start that the FED member banks have on the rest of us on using the new money that is created.