Just Got This Email

"Leesman from CNBC is indicating that the FED is talking more aggressively about raising the fed rate, stopping the reinvesting of maturing debt and that these talks are becoming much more serious in nature."


So what does that tell us? If true it would explain the market action, remember that I said it takes some time for the market to internalize FOMC policy and then to set up their chessboard. I don't think anyone bought the transitory inflation bit Bernanke was selling and if this is true, the Fed is concerned about it and Bernanke straight out lied about it.


Any way, rumors are dangerous so lets stick to what we can observe for now and just keep this in its proper perspective.