THE NOTION THAT THE MARKET WILL CRASH WITH WALL STREET BANKS NOW STUFFED WITH NEWLY PRINTED DOLLARS...IS A BIT NUTS...
THE STREET IS FLUSH WITH FED CASH NOW...AND CAN RALLY INDEFINITELY AND AT WILL.
I DO NOT SEE ANY PROBLEM FOR THE DOW OR WALL STREET GOING FORWARD...
WE ARE IN A NEW LIQUIDITY DRIVEN BULL MARKET THAT IS TOTALLY DIVORCED FROM THE REAL ECONOMY...
IT REALLY MAKES NO DIFFERENCE WHAT JOE SIX PACK...DOES OR THINKS...
THIS MARKET IS GOING TO THE MOON!!
NOW THE DOLLAR MAY PLUNGE AGAIN...BUT THAT'S A DIFFERENT STORY...
RALLY ON!! WE ARE IN A NEW BULL MARKET OF THE FED'S MAKING...!!
THE ACTIONS OF THE FED OVER THE PAST MONTH ALMOST GUARANTEE THAT THE MARKETS WILL RISE...AND STOCKS WILL GO UP...
WOULD I BUY IT...? NO. IT'S TOO SUBJECT TO INTERNAL AND EXTERNAL SHOCKS...
BERNANKE CAN CONTROL LIQUIDITY IN THE MARKET BUT HE CAN NOT CONTROL EVERY ASPECT OF THE MARKETS INCLUDING THE NEED FOR SOME NERVOUS NELLIES TO TAKE PROFITS AND RUN!
THIS IS ALL ABOUT RE-INFLATING ASSETS...SO THE INVESTMENT BANKS CAN STAY SOLVENT...
AND WE AREN'T GOING BACK TO REALITY BASED ASSET PRICING ANY TIME SOON...
RALLY ON...!!
