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

Dats a Spicy Meat-a-balla!

As I sit down to eat my luncheon of delicious Ikea Swedish MeatBalls I notice a few market-oriented trivia.

Europe is the home of degenerate, bankrupt Socialists. The only thing they have left is to keep printing Euros to buy their Sovereign Debt so they can avoid a Greece-like outcome. But its coming.

The British Pound is about to get flattened because they are not on the “winning” Euro Team. Non-conformity is dealt with harshly.

The Japanese have seen the future and their government is mandating to the Central to “print print print” in order to prevent falling prices. Because inflation is better than deflation. And their market will soon be at 15k. Why fight it? The elderly love high prices!

Since we are Japan, soon any pretence of Central Bank independence will be an afterthought and Congress will mandate the direct aquisition of newly printed digi-dollars to fund government spending. Why should banks have all the fun? In fact, the President will soon cut taxes for everyone as tax revenue will no longer be needed.

Our market is testing all time highs, but first quarter fundamentals will be very disappointing. In the world of “The Costanza Market” (Registered, Trademarked), weakness equals strength, sorrow equals happiness and disaster equals a generational opportunity.

The end of the month is upon us and we are buffeted (no Warren) by HFT Algos dictating the minute by minute action. My suggestion? Buy, buy, buy, for the New High! And know that the Feds Jawboning with regards to QE is total bullshit. Any momentary dip in the indices is simply transitory. They will not stop pumping while Obama is President, period. Get used to it. I know you are.

 

 

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9 comments

  1. Fly Fraud

    little early for lunch?

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  2. jimmy_two_times

    meat balla to the head after new highs?

    gets the last few bearshitters in who thought last week was the turning point.

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  3. Jworthy

    Thanks for the thoughts. Great as always.

    Your DXY chart from last week is also looking increasingly prophetic.

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  4. MX2101

    Let’s get it straight from the horse’s mouth-

    http://www.youtube.com/watch?v=X0XcH6d-1Ms

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  5. Yabollox

    Italians like Silvio– things were good back in those days.

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