THE WORLD IS SAVED ONCE AGAIN and many stocks are up 5, 10, 15, 20% today. Semis stocks are soaring. Oil stocks are soaring. Commodity stocks are soaring. Not because of demand, mind you, but rather the promise of free money directed into the vein of the markets. Fundamentals, except those that are negative, are irrelevant.
Ladies and gentlemen, you are living in times more historic than the Great Depression. The financial system has failed, crashed and is totally and completely bankrupt, yet our system continues on with markets trading a spit away from all time highs. It will be remembered along with Tulips, Railroads, Radio, PC’s, Biotech & Internet. But this time it will be remembered as “Financial”. Traditional metrics are a joke because interest rates are broken. Everything you know is useless except to buy every technical breakdown.
It’s all great and dandy and has worked and continues to work. BUT HERE IS THE FAIR WARNING: The risk is that just one time it will not work. All it will take will be one failure and the house of cards will come down When that happens, you will extremely fucked, royally. And so will everyone else (be fucked that is).
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this will be known as the greatest depression. there, all fixed.me, i cant wait till there is fighting and rioting in the streets. then we can have a total cleansing.
Talk is cheap for Mario. In 2 weeks bond yields will be rising hard again and he’ll have to walk around the corner with more than his junk in his hands.
The markets believe every utterance, each syllable that spews from a money printer’s mouth.
Over and over again. Until the end.
We all know who wears the pants in Europe and it “aint” Mario Draghi. Tough talk doesnt mean jack w/o Merkel backing you up. Remember, no action until the ESM and German Officials say so.
Okay, moving towards ca$h…, ca$hable GICs, one year GICs…
unless anyone thinks gold is a buy here ? 🙂