We’ve been programmed by the Fed to expect QE whenever the market goes down. That’s defense. It’s time for some offensive measures.
The Fed is going to implement QE3 as a tool of offense, in a last ditch attempt to rejuvenate the economy to try to cause a ripple effect that will help pay down western debt through higher than expected growth. That’s the plan.
Think about this economy as a big business. The well to do represent more than 70% of consumer spending. They don’t give a shit about gasoline prices, like the rest of you plebs. If gas was $20.00 per gallon, they’d still build 45,000 square foot mansions in Palm Beach. The point is, QE3 is geared to help the rich through asset appreciation. The poor to middle class do not move the needle (no Zuckerberg). Therefore, as a result, the Fed no longer caters to them with high CD rates.
The initial reaction to QE3 may be a sell off. Don’t be alarmed by that shit. The market will go up for 6 months straight. The gains will be nothing less than 20% and if you play your cards correctly, you too will be rich as fuck.
In short, the Fed is about to embark on aggressive offensive measures through POMO. If you doubt Bernanke’s resolve, sell him short via a little TZA. Be my fucking guest.
NOTE: The crop report confirmed THE CORN TRADE IS OVER, as predicted by yours truly. PPC is a buy.
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EAT MOR CHICKN
Eat more chicken (No Chik Fil A)
The V.King has a stock up 25% this morning and going HIGHER!
Hey Mr. Gint to you agree with my latest “blog”?
Update ….80%
Have not read…
Will.
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is this an “All in” move for you Fly?
no
Speaking of offense, is it my imagination or is this rally even more for real because:
The geopolitical events of the past 24 would usually spike oil, spike bonds, VIX, and take stocks down a few notches?
Anyway, I never seem to be long enough when these periods of doubtful rallies roll into sight.
Fly QE3 will not happen not with oil at $100 dollars and tensions in the middle east running high. Its benefits right now will be outweighed by its risks.
our next president is speaking .. best actor since reagan
I find him tepid at times.
He needs to find his inner bully that held a kid down and chopped off his hair.
If you hear “the Blind Read Ant spits at your cardboard box future” during HOBOma’s Las Vegas speech today, you know Sur Platonic stepped in.
Competence brings inner peace.
… now contrast that with President O’FlopSweat right now….
Yipes… Egypt embassy gets sacked, Libyan Ambassodor murdered… and what is the response of the Beta Male Presidency??
WE APOLOGIZE!!
Disgrace.
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There is nothing beta about Obama. He is sinister.
He is venal and “in over his head.” The forces behind him are the sinister ones. He is Chicago Machine (union beholden) all the way, with a dash of Soros Internationalist Left.
________
Bin Laden
Yes, Beta Males are known for self-esteem based braggadaccio.
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and Alpha Males are known for chest pounding failure (Bush-League) ….
I’m in for now, but you will see me scale back in historically volatile October
Looking at the bond charts, it’s plausibly possibly that “Twist” has finally wound down some of the debt previously at issue, weakening the argument for more easing.
But, if LeFly’s confident on this, that’s a worthwhile factor.
MLNX is messing with my victory lap this week.
When and IF QE3 gets implemented, does that shoot the gold and silver trade even higher?
There might be some sell on the news.
Also, QE3 may already be rolling…
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Thank you Jake.
I have exited my mentions ($FB, $FXCM and $UCO).
Now! With fire ablazing and the world hating on the HOBOma (whoot), $VXX tits to the moon.
Followed by $DUST if not QE.
BTW: how ’bout that V.King tower blasting plebs with cinder blocks.
Play Hard…Finish Strong!. $V.Wav 12:12
Play Strong …Finish Hard
This market feels like it’s ready to roll over. QE is already priced in and the reality that Ben may not be generous is going to roil the markets. Bankers want Romney which is more reason to see a steep decline.
100% cash for the first time in a long time.
If QE3 is being announced tomorrow and the circle jerk equity purchase celebrations have already begun, why was there a sell off in Gold and Silver? QE3 is a myth. It is based on the hope of drug addicted wall street walkers. Long TZA and VXX.
please, anything but VXX
Don’t care about any of it (no looser).
Going for a 25 mile bike ride and then a jump into the pool.
See you in the MOC.
Isn’t that kinda like using your rainy day savings to throw a party?
..only it’s not your money.
We all know the right hates the fed, but wouldn’t you think those who actually pay’d their taxes would hold the rights to offensive measures?