Former Fed Governor Fisher dropped a bombshell on CNBC Tuesday Morning. It was such a complete bombshell and surprise that CNBC heavily edited his comments to make them look like they were about China instead and essentially memory holed this video. I could not find the original on their site anywhere because they buried it so deeply. In a nutshell he basically said that the Fed has:
1) “Front loaded a tremendous market rally”
2) “The Fed has no Ammo left!”
3) He expects a correction of 10-20% and says folks are nervous and raising cash levels.
4) He basically admitted that the Fed created a manipulated wealth effect and now we should expect a hangover.
I forwarded this video to a friend of mine who mangers $20 billion in Equities. He has known that this market is bullshit but has had to play. The frankness of Fisher shocked him. The bottom line is that as we unravel many investors like him who don’t really buy into this market fully will hit the bid fast if we gather steam to the downside. This video should raise alarm bells as the this Matrix of manipulation is coming undone rather quickly. All manipulations eventually fail. I recommend that you take the time to listen to this Fisher interview I found on youtube which hits the highlights.
Additionally, I have included an interview by Tim Wood a Market Cycle Technician that was recorded on News Years Eve. He is seeing ominous things in his work. If you listen to both men they are basically saying the same thing. Both men think this rally has been a giant manipulation and that we are going lower in price. The only difference between them is the matter of degree in price decline expected.If you enjoy the content at iBankCoin, please follow us on Twitter