Sometimes, trading this market feels like trekking through Mordor..
With the ever-watching eye of the Central Bankers, Fed, Market-Makers, Plunge-Protection-Team, as well as the brainwashing forces of Permanently Bullish Financial News Media: There are no shortage of obstacles we must overcome in the quest for realistic price discovery.
Bulls, like Orcs have incredibly limited intellect.
However, the sheer numbers of Bulls, coupled with their unquestioning-unwavering loyalty to their Central-Planning Keynesian Overlords makes them a formidable opponent indeed…
You see, the market is nothing but a confidence game..
There is actually no reason why QE should have directly impacted the market as it did.
Watch as former Federal Reserve member Dr. Lacy Hunt explains Quantitative Easing, the intended goals behind QE & admits ‘There is no mechanism to explain why Quantitative Easing should boost the stock market.’ ‘They (CB) incentivized the decision makers to view financial assets as being more valuable than real assets.’ ‘They (Decision Makers) transferred funds that would normally go into the real economy into the financial economy.’
QE explanation starts @ 6:30
The Bullish thesis is basically ‘I can do no wrong by buying stocks because the CBs/PPT will simply magician prices higher as they have been doing.’
However, this logic is faulty. Old Yeller at the fed along with all of her Bankster cronies are nothing but a band of shills, beholden to the monopolistic financial powers of Wall Street.
These people have no idea what they are doing. With our ‘financial leaders’ completely clueless, I foresee the markets soon calling their bluff…
The currency wars with this fiat money is dangerous to the stability of the financial system as it is currently set-up. Never in history has fiat currency lasted. Greed, reckless credit-expansion eventually overtakes logic & common-sense until the people get suffocated with over-indebtedness..
I’ll admit I have been a dollar-bull, I still am. I see the Dollar being the brick-house in a neighborhood of mud & straw shanties. However, recent developments in the Gold-Market are telling me that something big is happening. Public perception is changing. Gold directly-undermines Central Banking efforts & fiat currencies. Gold is a direct measure of fear & loathing in the world & when it catches a bid despite all Central-Banking & Financial-Punditry efforts to suppress the price we must take notice!
I expect more jawboning, shock-tactics. Overnight PPT manipulation. The primary goal of these barbarous Orcs, Financial Repressors, & Evil-Doers will be to stop the Bears from reaching our goal. Many will perish on this journey but keep your eyes on the prize. We must achieve our mission to take down these markets to reasonable levels. We must make this deflation happen. The fate of the free-market depends on it…