Repost of link to best K site, if YOU are REALLY interested in educating yourself to what is going on then you will read this
Like in 2002 and now again in 2009 the authorities are trying to DENY the purging and HEALING of the whored financial system, that when this last happened back in 1930's the GREAT DEPRESSION like the great forest fires actually renew growth, life.
The idiots in charge are fighting this and think they can induce a huge inflationary bias, but then why such a divergence between stock price direction and long term yield? WHY are so many $'s fleeing into bonds?
If for not a cheap magicians' accounting trick when mark to market was SUSPENDED most banks would be seen as insolvent.
We are burdened by a great moutain of debt which has grown from previously FED induced bubbles, and now in the greatest insult to human intelligence, the FED is trying to do it once again!!!!!! TONS of new money printing, more than doubling Money BAse in all of its history of decades of printing, in just a few months time.....should tell you something about WHY and what scares them so much to do this.
BUT the debt mountain has climbed so high, there is NO re-inflating it. Consumer behavior is changing and now they are trying to SAVE but being PUNISHED with NO YIELD for doing so.
What kind of policy tries to more greatly indebt its society, coerce them to spend, and not to save and invest?
WHAT KIND OF SYSTEM allows the transfer of wealth from and shift burdon of debt to the PUBLIC?
Those responsable for current crisis are being enriched, even given lavish bonuses and free money to profit as the AMERICAN citizen is drowning? WHAT kind of system?
Money flows into STOCKS and little else. MY GUESS as I eye today's futures (I have talked about MOnday bullish bias) is manipulating the stock markets is still possible, even as MANY divergences are screaming for even a SHORT TERM correction.
I am not sure THE TOP is in. Monthly MACD cross remains bullish along with 50/200 EMA cross (both lagging a bit).
My BEST GUESS is this cyclical bull, brought about by record intervention and manipulation COULD last a year, and MIGHT end and coincide with potential END OF QUANTITATIVE EASING scheduled for next MArch 2010.
ALL of this has made the final pay the piper day MUCH MUCH WORSE than it would have been had THEY let nature take its course,
D
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