1. Yesterdays trading started out very positive but gave up most of the gains hinting to a weakness short term especially in the Tech sector. Today has a benign effect again but with Pluto to go retrogade tomorrow and a budget lockdown charade in DC we can expect some profit taking going into the weekend pulling the SPX towards 1320 level after the test of the 1340 top ( almost reached yesterday). Apple looks definetely vulnerable and til the 2nd May it has still a 20% weighting in the NDX 100 which is one of the weakest sectors clearly.
2. Amazing how the bankrupt EU countries follow always the same script like agenda – denial to the last second that they need bailout before they turn around instantly to seek one.
3. BoE is part of the robb the Middle Class Conspiracy as they have created a steep negative interest rate policy which creates bubbles and steals money from sound savers. After all they are all run by the same Rothschild Rockefeller puppets.
Bank of England Holds Rate, Putting Recovery Before Inflation
The Bank of England kept its benchmark interest rate at a record low. Photographer: Simon Dawson/Bloomberg
The Bank of England kept its benchmark interest rate at a record low as policy makers judged the need to aid the recovery took precedence over the fastest inflation in more than two years.
The Monetary Policy Committee, led by GovernorMervyn King, set the key rate at 0.5 percent for a 26th month, as forecast by all 57 economists in a Bloomberg News survey. It also left its bond-purchase program at 200 billion pounds ($327 billion), as predicted by all 32 economists in a separate poll. The pound erased its gain against the dollar.
Policy makers are under increasing pressure to curb inflation that has soared to more than twice the central bank’s 2 percent target. Economists forecast the EuropeanCentral Bank will announce its first rate increase since July 2008 later today. In the U.K., while three of the nine MPC members voted for tightening last month, most are waiting for evidence the recovery can withstand the government’s budget squeeze after the economy shrank in the fourth quarter.
“The pressure is building,” Ross Walker, an economist at Royal Bank of Scotland Group Plc in London, said in a telephone interview. “It’s certainly not a spectacular recovery, but there are persuasive reasons to start withdrawing some of the stimulus to guard against a bigger tightening in the future.”