Screw the depositors? What a fantastic way to grab some passive capital! It is the opening of Pandora’s Box. But that is just the tip of the iceberg.
This “Cyprus thing” is just a teeny tiny little bailout. Europe is a giant mess, again and their economies are “death”. But the ECB will buy all Sovereign debt issuance so they can continue to fund their profligate spending.
Our markets? They don’t care about anything except free money. Sure, we can ruminate about fundamentals, but who really cares? Everyone knows the score. Anyone spouting on about anything other than $85 billion per month is just fooling with you.
All new money coming in for retirement account must buy stocks at record highs. Then maybe they’ll be a correction or maybe we’ll just move sideways. But down markets are not in the cards until one year before Obama is no longer President. And it has nothing to do with Bernanke because whoever comes next will be even more Dovish. And a bigger liar.
I suspect we’ll be at Dow 15k by April’s option expiration. Continue to enjoy it while you can.
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0zer0 gonna try for 3.and thats when the fun will really kick in. not a year before he’s supposed to. “we need an army,a personal army,unlike the u.s. military”,barack obama,2008.you know,before the civil unrest ensues. because dhs has procured billions of rounds of hollow point ammo, you know,to use on us.then the market crashes,cause the dow will be at 25k,and all the elites will sell on the top,not before then. M-U-S-T S-Q-U-E-E-Z-E E-V-E-R-Y L-A-S-T- D-R-O-P- F-R-O-M T-H-E-S-H-E-E-P-L-E.
Indeud!
ECB is learning the game from the Fed. Fed buys T-bonds with newly digitized money. ECB can buy their countries debt as well…. but then how much from each country? How will that be allocated? The Fed only has one country, the ECB has 22.
Thanks, Scott. Over three more years of QE-nth and wealth concentration, eh?…
Wonder if the social fabric will hold together?
I hope so given what we are seeing happen just south of the border.
You really think the market rallies to 15k? Isn’t that a bit far fetched up here?
not far fetched one bit. less than a year ago,the dow at 12k.right here on scotts’ thread,i said the dow will hit were it left off when it broke down in 08.someone here said ,”no way will we get 2k points in the dow that fast. well, were here. so whats a few more sessions to get to 15.pfft
Why “one year before O is no longer president”? Assuming the party in power has any power at all, that is the last time that they’d want to take an adjustment.
It will fall apart when stocks and bonds have been distributed and after those doing God’s work are well positioned to buy your food, water, and fuel capacities for cheap …after the crash (I left out your home …they”re already flush with homes)
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