Ben Bernake is the crack dealer and the economy and stock market is the crack addict. Fix a drug problem with more drugs that is the way the U.S Government thinks they can keep the dog and pony show going, but as we all know one day the crack addict is going to have some major health issues or die.
I’ve been saying this since early February, that the markets has topped and is going to roll over, but usually when trying to predict a top or reversal timing is never easy or accurate. Sometimes, it could go on for months, generally market Euphoria carries on for longer than usual and is unpredictable.
I am now anticipating the crash to happen in May/June period this year, but then again I can be wrong. The magnitude will be 5-10% correction.
Rich people who have assets that are not liquid are bringing items to pawn shops to get loans to pay for living expenses.
This of course is not a good sign, but then again the United States and the majority of its citizens are in huge financial trouble.
Ben Bernake is really “Freddy The Fixer”, printing money to manipulate the stock markets. For you Americans reading this…What the Fed is doing is absolutely anti-capitalist.
Why aren’t American’s protesting this? That is the real question?