So on Wednesday the Federal Reserve of the United States chairman Ben Bernake said that they will not do a full quantitative easing (extensive money printing or QE3), but instead continue short term treasuries purchases with “operation twist”.
The stock market reacted quite muted, then fell and on Friday bounced up a bit. The question is can the stock markets go higher from this level or can it maintain this level. In light of all the bad economic data out there and the fact that the summer months up to August and September are historically down months it would seem that the answer is a resounding “NO”.
I am going to short the NASDAQ and at the same time PUT options on AMD for Jan.2014 with strike price of $4.00 and also long on silver with ETF.
The above trades would have to wait though if the Federal Reserve decides to print more money and lift the markets of course. If Ben Bernake does do that then the decline probably won’t happen until after new year (Feb. 2013).
If Greece leaves the Euro, there will be short-term pain, but over the long run the economy will turn around, just look at Iceland who told the bankers to shove it.
NEW YORK (AP) — A former Goldman Sachs director accused of feeding confidential information to a corrupt hedge fund manager has been convicted of conspiracy and three counts of securities fraud.
A jury acquitted Rajat Gupta on two other securities fraud counts. Gupta’s adult daughters hugged and wept as the verdict was read. He showed no visible reaction.
- There is no way the American and European government can pay off the huge debts on their balance sheet, so a new scheme is going to be made up.
- Printing money, have their tax payers pay for everything for decades to come.
- The U.S dollar may stop to become the reserve currency and when this happens there is going to be global economic collapse.
- Currency wars
- Trade wars
- World wars
- Presidential elections
- Treaty between Egypt and Isreal
- Arab spring, pro-democracy was a lie, it was all about Arab people living on $2 a day, and oil, food prices rising. They cannot feed themselves.
- Class warfare
Sheeples wake up and learn about what is happening with your country, read the news, alternative news and investigate what the politicians are doing with your tax dollars and what deals they are forming with other countries, basically selling out.
Christopher Greene sums it up pretty good. Most asleep Americans, Canadians and Europeans don’t have any clue that this was all planned, the wars are not for democracy for middle east countries, it is about taking over countries.
Have a watch and listen, open your mind, understand the big picture.
European Central Bank (ECB) will front run with inflation, postpone the suffering for a bit, but then a full on depression will come eventually. Of course this is not just happening in Europe but also the United States.
