interview.
http://www.financial...-new-depression
It coincides with Armstrongs top in 2015 and even Mr T's call for a 2 yr rally.
I'm sure Dah Fed still has many QE tools to keep it going. Like they have been doing since 2008.
The US and the world depression is only held up by more US govt debt and credit by the Fed and more QE. When that ends, the party is over. Like the "tea-party" wants to stop govt spending or the Dems want to raise taxes. It will put a wrench in the spokes of Ben's plan to keep the scheme going.
The latest QE is over in June. So expect some tanking after that before the Fed steps in with a new program of credit and debt.
I don't expect major weakness till after the Facebook IPO in May. Then go away..till the Fed steps back in with the market down 15 or 20% like it always does..
Short term, I expect a rally pretty soon as the $NYSI has been tanking for 8 wks, like in 2010. It seldom tanks for longer than that before at least a 2 wk rally before a major bottom with the RSI near 30. Not there yet though.
http://stockcharts.com/h-sc/ui?s=$NYS...id=p56443677103
"The new depression" was a good
Started by
Lee48
, Apr 06 2012 08:25 PM
1 reply to this topic
#2
fluid
-
- Traders-Talk User
- 2,837 posts
Member
Posted 07 April 2012 - 06:15 AM
interview.
http://www.financial...-new-depression
It coincides with Armstrongs top in 2015 and even Mr T's call for a 2 yr rally.
I'm sure Dah Fed still has many QE tools to keep it going. Like they have been doing since 2008.
The US and the world depression is only held up by more US govt debt and credit by the Fed and more QE. When that ends, the party is over. Like the "tea-party" wants to stop govt spending or the Dems want to raise taxes. It will put a wrench in the spokes of Ben's plan to keep the scheme going.
The latest QE is over in June. So expect some tanking after that before the Fed steps in with a new program of credit and debt.
I don't expect major weakness till after the Facebook IPO in May. Then go away..till the Fed steps back in with the market down 15 or 20% like it always does..
Short term, I expect a rally pretty soon as the $NYSI has been tanking for 8 wks, like in 2010. It seldom tanks for longer than that before at least a 2 wk rally before a major bottom with the RSI near 30. Not there yet though.
http://stockcharts.com/h-sc/ui?s=$NYS...id=p56443677103
To buy back own debt is a ponzi scheme, simply no other way of putting it or expressing it.
