A concept that is now coming into wide acceptance is that the financial world is filled with legalized fraud. It is widespread and acknowledged from the top down. But it is all done for the “greater good”.
Anything remotely resembling “Normal” has been put aside for another day and another time. No matter what numbers you come up with or what you “know” is meaningless in this phase of our financial world.
Any economic downside has been and will continue to be met with “unconventional support”, ie. counterfeiting, better known as money printing. There will be no failure. There will be no defaults that create a “CDS event”. There will be no criminal prosecutions for banking fraud of any kind.
Central Banks and our Chairman has become the market and whatever investors are left will buy exactly when we’re told to do so. This is the reality of Dow 13k and Nasdaq 3000.
This phase of the market will play out EXACTLY as it has over the past two years, or until QE is made permanent. I know this sounds jaded but it is reality. The music must pause at some point and latecomers will be buried, again. But then the hope and planning for the next round of “intervention” will be anticipated and investors bailed out once again. So enjoy the great levitated market until the April 15th deadline of getting your 401k/IRA money in and tread carefully!
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The Fed is counterfeiting! Nice one! Who knew? Only hedge fund managers from India will be jailed. Wells notices will be as bad as it gets.
Thanks, Scott
Stop lying to people Bleir. Stocks go up coz there are more buyers than sellers. Young traders fol low you and lose money because of this gibberish. How is that short on AAPL you been trying since 300 working out.
I lost it all due to Cain as well..
Ha. Told you so.
When the US first started dabbling with income tax it was temporary – an extreme but necessary measure. Now look at us.
The central banks are now boldly intervening in markets, and the governing and economic elite are benefiting. Will they stop when the “crisis” is over? History suggests they won’t.
The only fact you almost have straight is “stocks go up coz there are more buyers than sellers”
1170
As always, thank you Scott for being here and sharing you view. I think your naysayers do not grasp the essence of your thesis in the appropriate degree.
Always appreciate your market take.
Others here may just be jealous since they were buying feverishly last June when you were calling the end of the bull market.
go eat a steak and don’t but such a pussy.