Read Scott here on iBankCoin and also at http://www.createcapital.com/
Joined Jan 19, 2010
717 Blog Posts

Ding Ding Ding

Each year the third and fourth quarters are steeped in “economic recovery”. Then every first and second quarter we find out it is simply “transitory”. Yet the market believes and rallies. The only difference this year is that now there is a “permanent QE” of at least $85 billion per month.

Amazing how much market complacency a trillion dollars a year can bring.

Even in the disaster year of 2008 the markets found “balance” during the months from mid-November through the end of January as funds are being allocated and re-allocated. Because where else can you put the money?

My thesis is that the markets would endure no pullback until after Inauguration Day. Well, it is here. Who says they don’t ring a bell?

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One comment

  1. drummerboy

    with unemployment what it truly is,numbers wise. the dow getting close to 14k plus,and where it snapped in 07-08, doesn’t really give me the warm and fuzzies.and this bit the talking heads are putting on about,”millionaires” coming back in from the sidelines b.s. just smells like a set up. then sell at the top like 07-08, to the bag holders…….we need a flash crash,till morality improves……..

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