Skip to comments.The Bernankeburg Omen: The Hindenburg, Elliott Wave And The Fed Balance Sheet
Posted on 12/06/2013 4:55:54 PM PST by whitedog57
The S&P 500 stock market index rose a blistering +1.12% today on positive economic news, albeit much of it seasonal.
The run up in stock prices following the collapse in 2008 (both stock market and house prices) has fueled speculation of another Hindenburg Omen event. That is, another stock market correction.
But with Ben Bernanke and The Fed supporting asset bubbles with the expansion of The Feds Balance Sheet (green dotted line), investors continue to roll the dice on the stock market rising.
Likewise, the Elliott Wave is being sustained by The Feds Balance Sheet.
Lets see what happens when Janet Yellen is faced with the problem of tapering and selling the massive Fed Balance Sheet.
20,000 Dow by the end of the decade. Maybe 2018.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.