No One Knows which way the market is going except...
No one knows which way the market is going except maybe the Plunge Protection Team and the Big Hedge Fund Managers!
The PPT with a team of traders at the investment banks now have vast sums of money (via taxpayer bailouts) they can coordinate and move the market at will. The other orchestrated force that can move the markets are the large hedge funds. If you saw Cramer's "off the record" explanation, he detailed how hedge fund mangers coordinate a "pump and dump" that defies all market logic and fundamentals.
In today's market, there are two primary forces - the massive amount of liquidity via the Fed and the rotten fundamentals of a nation in a sea of debt. Listen to CNBC on any given day and half the propaganda will be bullish and half bearish. The fact is retail investors don't move the market and self-appointed pundits don't either. The only sure thing in this market is - If any one tells you "They Know" - they are full of crap! And you can take THAT to the bank!
As 'the market' is no longer an indicator....
..of anything, I would agree. The market is thoroughly controlled and manipulated by the big wall street types and backed by the PPT. It is self-sufficient and in my opinion, kinda like a pyramid scheme. The big guys at the top control the levers and set up the little guys at the bottom for a fall. When they need money, they move a lever and the bottom level of the pyramid loses its shirt.
Considering there is roughly 20% unemployment and we're coming into a catastrophic 'holiday season' that will dwarf even last year's bad numbers, this may be the crescendo just prior to the fade-to-black.
A bad consumer season will snuff out the remaining retailers who are on the ropes, curb any enthusiasm toward opening new business and begin the much-touted 'commercial real estate' collapse.
Once that starts boys and girls, there will be hell to pay and we just don't have the funds for it.
It would be hard to believe at this point that this ship can be turned around - or even turned significantly to avoid what's coming.
The 'Third-Worlding' of America is nearly complete.
Next we'll be trading in guns for bread. Or neighbors with guns.
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
I agree
I think the Fed is planning on flooding the world with dollars to see if it can keep the rotten fundamentals afloat long enough for the true market forces to re-establish themselves.
Well, I was a financial
Well, I was a financial advisor for over 20 years and learned there is much that I do not know because there was much that was kept from my University text books. After discovering so much more I decided to leave the industry and for the last four years have been doing research and started writing about the industry as well as other economic and political topics last year.
So while I can't say that I "know" for sure what is going to happen next, I can use the data I have accumulated and make an educated guess as to what will happen next. To do this I have to think outside the box.
Example: I have written quite a few articles challenging investment advisors on the need to diversify into gold. I've only had one reply from CBS MoneyWatch and convinced him to put 5% into gold. Why don't the other advisors (and journalists) reply? Because they don't understand gold.
My goal is to enlighten...in a nice way, ha....
And BTW, it's not just the hedge funds, it's the whole system of market makers on the Floor that manipulate in favor of themselves.
And to play conspirator...which I never do, who is to say that the recent market rise wasn't simply the money Goldman, J.P. Morgan, B of A and Citibank received buying the S&P? This is the PPT in plain site eh? But I never write about those kinds of speculations....
I try and stick with what I know....and have fun with it!
Blog: http://fedupbook.com/blog
My Christian/Political Blog:
We the Serfs! Blog
I have a friend who recently got a MBA,
He was totally in the dark and brainwashed about the FED. I know some bankers who absolutely refuse to hear the real story!
What about DWB?
He has never lost a single penny in the market.
WAHOR!!
http://www.dailypaul.com/node/48994
WAHOR!!
http://www.dailypaul.com/node/48994
i see the devil/divider has emerged from his pit.....
The Last Hope Trader
Forensic Trading For Times of High Crime
"GINO" = Government In Name Only
Yes, I thought that was
Yes, I thought that was going to be the answer. ha ha.
The people on CNBC are totally reactionary. When the market is up, all they can talk about is that the administration's actions are working. When the market is down, they act like they predicted it all along. They know nothing!!!! No one does. We know the fundamentals are terrible, all you can do to be an investor is be a Market Timer! Buy low, sell high.
Not if you own gold/silver
If the Freedom Movement took their excess cash and purchased physical gold, silver, it would crash the gigantic silver and gold shorts -- who are the banks themselves.
Unfortunately, we're too dumb to do that. Apparently, holding signs and shouting is the most effective way to impact change.
PeterSchiffSays.COM
PeterSchiffSays.COM
Indeed
And palladium.
Truth exists, and it deserves to be cherished.
edit!
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