The absolute largest transfer of wealth in the history of the world.
When the printing stops, Professor Chaos will reign.
Posted on 12/18/2014 12:49:58 PM PST by John W
U.S. stocks surged on Thursday, extending Wall Street's best day of the year, after the Federal Reserve said it would be patient in increasing interest rates.
"The reality is markets were hit with we're not sure what's happening and why, as oil has been acting as something akin to a global interest rate. The good news is the Fed is aware of what is going on, and they want to be friendly, so people are hopefully in better cheer," said Jack Caffrey, equity portfolio manager at J.P. Morgan.
(Excerpt) Read more at cnbc.com ...
Cuban Cigars and Rum all around!
Probably a ‘dead cat bounce’, but that dead cat has bounced so much during the past few years, I’m surprised there’s enough of it left for the Buzzards to eat.
They were looking for any reason to “bump” the market.
I was down $70K in less than two weeks; now in two days, I’m nearly back to where I was.
As an experienced investor, I never panic....well, hardly ever.
Yellen, interest rates, and her appearance IMO gave the market a lot of confidence that the oil dump would not impact the banks, because as you know, after all, that is whom we all work for.
The absolute largest transfer of wealth in the history of the world.
When the printing stops, Professor Chaos will reign.
Wherever I go, I see affluence and prosperity unbounded . . . rose-colored glasses (and avoiding well over half of the United States) will do that for a person.
BS—Does anybody really believe that Obama and the DIMS would allow the market to tank the week before Christmas?
Fire-up the printing press, Janet—Folks have to think it’s OK to spend money this holiday season.
I have no doubt at all that it’s a rigged ‘casino’.
I wouldn’t put my money in it. People will do just great, then the powers that be(the Fed and others) will decide to pull out, and people like us will be left holding the bag, and BROKE.
The only way to ‘win’ is not to play....
People who understand the market do ok. They know when to sell out, and then “short” Most people don’t know to do this.
Even smart ones can get hurt.
“Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.” Will Rogers
So the government is buying more stocks...
Another day, another trillion...
Up 420 as I write this.
Same with metals. You always hear the stories about how they really made a killing.
Those who don’t, are mysteriously very quiet about it.
LOL!
” You always hear the stories about how they really made a killing.
Those who don’t, are mysteriously very quiet about it.”
Like the people flipping houses in SoCal,Las Vegas, and Phoenix
when the sub-prime bubble burst.
Heh heh heh...
Ouch!
I hear ya.
He's right. The Fed is definitely friendly to J.P. Morgan...and hostile to the savings of the average American.
I wanna be the next John Paulson, LOL
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