by puhim follow (0)
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The World financial institutions all pick up their feet from the floor and tremble collectively at the Rat in the room. Every time they think Ben "Isn't" going to either do something, or continue to keep doing "Something".
They learned early on, the temper tantrum gets "mama bird" Bernanke to respond by regurgitating a concoction of bond buying, quantitative easing, low interest rates, and capitol injection down their throats.
OMG! The economies are doomed!
China, just took measures to cool off their market and promote more consumerism. The Fed says it is going to raise rates. The unemployment rate just fell 0.4 percent in California!
Dogs and cats ... living together!
There are two ways to look at this:
1. Bernake and Wall Street are utterly inept, went too far, and everything will slowly implode in the coming months, and all those rich fatcats on wall street will finally get what's coming to them.
2. As donjumpsuit alluded, it's an orchestrated pull back, with all of the rich fatcats on wall street quietly doing much profit-taking, waiting for the dip, markets settle, then buying back in so they can make even more as markets start trending upwards again in a few days.
Which do you think is more probable? Of course keep in mind, that in either scenario you and your 401k get the stinky end of the proverbial stick.
http://www.marketwatch.com/story/new-doomsday-poll-98-risk-of-2014-stock-crash-2013-06-29
New Doomsday poll: 98% risk of 2014 stock crash
Everything Is Being Sold – Market Crash Warning
Global financial markets are now in a very perilous state, and there is a much higher than normal chance of a crash. Bernanke’s recent statement revealed just how large a role speculation had played in the prices of nearly everything, and now there is a mad dash for cash taking place all over the world.
After years of cramming liquidity into the markets, creating massive imbalances such as stock markets hitting new highs even as economic fundamentals deteriorated (Germany) or were lackluster (U.S.), junk bonds hitting all-time-record highs, and sovereign bond yields steadily falling even as the macro economics of various countries worsened markedly (Spain, Italy, Greece, and Portugal), all of this was steadily building up pressures that were going to be relieved someday. Just over a month ago, Japan lit the fuse by destabilizing its domestic market, which sent ripples throughout the world.
http://bit.ly/13YAtca