Posted on 08/21/2015 1:18:44 PM PDT by SkyPilot
EXACTLY!!!
If the 50 day smoothed moving average breaks below the 200 sma you may start hearing “crash” get tossed around.
Generally anything up to a 20% drop gets labeled a correction.
“And that is the results with the Treasury pumping 40% of the money into the stock market.”
How do you think it does that? The Treasury sells bonds. You have it buying stocks.
You said...
“There is no price discovery because of Fed manipulation. No price discovery, no free market”
But eventually the free market wins. And be it in commodities or stocks or whatever, eventually the hand of the market bitch slaps the manipulators.
What we will go through will hurt, but the opportunity to change the course we are on is better than any other time provided there’s no “too big too fails.”
Downturns and crashes don’t scare me as much as what politicians and central banks do in response to them
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