Recovery Summer 3.0...
“Sell Mortimer sell!”
Obama has borrowed trillions, spent on consumption and has made almost no capital investments. His EPA, Dept. of Energy and other Federal agencies have issued literally thousands of regulations that have stalled economic development and hindered capitalist activity. Bernacke has printed trillions of greenbacks. Financial gimmickry has never produced real wealth. These two men have hollowed out the American economy. These two men have done more to harm America than anyone in history.
Anyone who can’t see the purported “growing economy” is carried only by the repeated sugar rush of QE is in a state of delusion.
The nanosecond that QE rug comes out — and eventually it will — the economy will be in a southward trend for quite a while.
Early stages of a HCHVE... high correlation high volatility event...
welcome to the real world, hope and change has run of gas....
Cash is king.
Shouldn’t “A Rare Across-The-Board Selloff” be described as “UNEXPECTED”?
All because Ben Bernanke threatened to scale down his free lollypop program (aka QE into infinity)
Time to admit this phony stock market is kept aloft by the imaginary money THE FED creates
Ah, yes - and Fidelity website kept giving me a “Can’t Access Server” message when I went to trade in my accounts!
Called the SOBs, liquidated holdings. They kept giving me the “sorry for the inconvenience” pablum, and probably didn’t like my replies.
It made me acutely aware of the vulnerability we all face relying on the net and other electronic communications that so permeate our lives. It can all be shut down with the flip of a switch, and we’d just be left sitting there with our preps, family and neighbors. Spooky times.
Buy shares in companies that manufacture red ink. And Vaseline.
Who’s 100 percent in the USD and has been since 2008?
Dis guy!
When Greenspan was in charge, traders referred to him and his buddies as the PPT or Price Protection Team. Pumping up the market then was not as blatant as it became after Big Brother had to bailout Uncle Buffy and the Goldman-Sachs crowd.
All the pumping has masked the lousy economic fundamentals disguised by a fixed unemployment rate which is revealed by a lowering worker participation rate.
The big boys took all the cheap money Helicopter Ben made available to them and put it in the equities and commodities market. They made a lot of money on paper at least.
Now that Barry has been reelected, they have signaled that they cannot keep the bubble inflated.
All the big boys who made so much money on paper are trying to convert their paper profits into real money.
In times past, the middle classes could be conned into buying a market top through what the old timers called distribution.
The middle class has been burned too many times to play that casino game again, besides the middle class has been destroyed and it ain't got no money to be throwing into the market.