This gang of Merry Banksters made a 1929-like policy error, as they did in 2000 for the first crash, and then followed that up by blowing yet another asset bubble in mortgage debt, and crashed it all over again, almost taking down the world financial sysem.And now they turn around and do it again, this time with financial assets. Will they keep going until the middle class and the real economy is beaten, like pulp into the ground,. and a few jokers sitting on the top of the financial pyramid own nearly everything?What are they thinking? Who are these guys, Mortimer and Randolph Duke?
Greenspan and Bernanke: Worst Federal Reserve Policy, ever.
LAST GREAT BUYING OPPORTUNITY
It’s been my opinion now for a the last year that the bull market that started in March of 2009 at 666 on the S&P would come to an end either in late 2013, or early 2014. I’m confident that will be the case, but based on the cyclical pattern of the current decline I believe we still have one last leg up before this bull comes to an end. I think the intermediate decline now in progress is going to create the conditions for a final manic melt up phase over the next 2-3 months to complete this huge parabolic structure that the Fed has constructed with 5 years of QE and 0% interest rates.
We’ve come this far and tested the 2000 reaction high, I have to think we’re probably going to go all the way and test the all-time highs on the NASDAQ before this bull market comes to an end.