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 ...
People think Paulson betted too hard. I say he read the coming collapse just right. 3.2 billion in one year.
[ When the printing stops, Professor Chaos will reign. ]
The printing won’t stop until they run out of paper to buy new paper to print on...
I used to worry that it all will fall apart. Now, I don’t care if it does not make sense.
Every other government on the planet is in as bad a fiscal shape, or worse. There is all the incentive in the world to keep winking and nodding, and keep the game of Three Card Monte rolling on indefinitely.
If Cruz (or any GOP) is elected President, I guarantee the presses will stop and the collapse will be blamed on GOP.
That said, Cruz is America’s best hope mange the chaos and guide America back to a Constitutional republic.
>> “If it don’t go up, don’t buy it.”
Oh, THAT’s where I’ve been screwing up. Thanks! :-)
The only way to ‘win’ is not to play....
Just curious... Are you saving for retirement? If so, what are you investing in?
I have no expectation of retirement. I'll probably work until I fall over dead. (I'm in my 30s)
"what are you investing in?"
Ammo.....
True...
The market reminds me of a high-tension wire bouncing off the ground - banging and flailing with lots of sparks - it’s scary for such day-to-day/week-to-week volatility.
From CNBC-—U.S. stock futures were sharply higher in early trading, after Thursday’s 421-point Dow surge, which pushed the average’s two-day rally to 4.2 percent - the biggest since November 2011.
The Fed bought trillions in bonds, yielding 2%-4% and, in return, gave cash yielding 0.25%.
It was a huge transfer of wealth, from the bond sellers, to the Fed. The Fed gave the profit to the Treasury.
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