Posted on 01/03/2014 9:18:37 AM PST by gorush
I think this is an ad to sell books.
Furthermore, when interest rates start to go higher, which has begun...
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You’re right. The yield on the 10 Year T has risen steadily since early November. Just something to keep an eye on.
http://finance.yahoo.com/q/ta?s=%5ETNX&t=3m&l=on&z=l&q=l&p=&a=&c=
The article on Newsmax has already run several times in the last few months. I remember reading it in the fall some time. It has the same information about big investors and also the same economist. I, too, believe the stock market is overvalued. But, this article is lacking in credibility. It should state how much each of the billionaires cited sold and when, for one thing. It needs other economists with differing views. As it is, it’s just a puff piece for Robert Wiedemer’s book Aftershock.
There is backroom talk of a savings tax. Not to mention Hitlery stated in it’s last presidential bid that it wanted to nationalize the 401Ks and IRAs and place them in the governmental till. And we wonder why they’re clamping down on ammunition.
Yes, yes you have.
5.56mm
I have a Border Collie. She’s so smart she’s scary. I can command her in complete sentences and she does it.
There are no “fundamentals” that supported any run up, other then massive money printing and debt creation.
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Totally agree. Good post.
FYI, re your comments there are some relevant and interesting insights in this book:
http://www.goodreads.com/book/show/13634703-the-indomitable-investor
Regular collies will sometimes make the cut, but Labs, Goldens and German Shepherds seem to be the most popular. A little trade secret is that only around 10% of dogs trained as service animals actually graduate. My kid brother has a lovable Golden who failed service animal school for the same reason: couldn't sit still long enough.
That's what they did with gold last April. In January, Goldman Sachs said gold would be going down. Gold went down a third at least in April. When the stock market exuberance runs out, the big investors will already have moved a significant portion of their money into bargain-priced gold. By the time most people see the correction happening, it will be long past too late.
Thanks. Looks like a good read.
Honestly, it’s a huge game dominated by monstrous amounts of money. About all you can do is go along for the ride, and if you steer your boat into the wave....you get drowned.
Anyone who thinks different is not understanding the scale of the thing.
LOL!
Reminiscing the tech bubble, housing bubble… smart money was made on the way up & on the way down of each bubble. Then the other smart ppl made money when there was blood on the streets.
BTW, news outlets like to point out their view of bad news, if warren is selling…who is buying & what is warren replacing his sell..or is he sitting at cash to pounce on…. what?
Chapter 2: Prices are really, really low. The media and the financial gurus tell us the world is coming to an end. Lots more people cash out and the price gets scary low.
Chapter 3:Those billionaires who cashed out in Chapter 1 save the day. They buy up more stock than they ever had before and amass an even greater hold on global wealth.
I've read this book before.
Beans, bullets and bandaides.
Buffett selling Kraft Foods?
An outfit that makes buck-a-box macaroni dinners is a BUY in this economy IMO.
That why I have starting buying Israeli military contractor stock(like TAT Industries.). Their business has a bright future.
An outfit that makes buck-a-box macaroni dinners is a BUY in this economy IMO.
If a liberal/democrat/progressive/marxist (sorry for the redundancy) were reading this, they wouldn't understand, or make the connection.
5.56mm
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