http://permabeardoomster.blogspot.co.uk/2013/02/pomo-melt-to-moon.html
permabear doomster makes the case for a continued Melt up as more Central Banks join the
Fed fest.Maybeits just as we'll I can't post charts at the moment :-)
permabear doomster makes the case for a continued Melt up as more Central Banks join the
Fed fest.Maybeits just as we'll I can't post charts at the moment :-)
Total capitulation of a perma-bears in front of a capitulation of a bullish long term trend (since 2009) ...
ReplyDeleteNormal evolution of sentiment in front of a big,big change of trends ... I don't trust this guy! Since 15.Nov.2012 he called the spx 500 move as "corrective" , continually "corrective" when it was clearly an impulsive move. Many bears lost their money due to his wrong calls (but thanks to his mistakes followed by me at that moment-and i lost money- I learned NOT TO FOLLOW ANYONE and to make my own TA homework!).
And now he's calling "long term bullish POMO-fueled trend".
LOL.
Wrong! Mega-wrong! Ultra-wrong! Dead-wrong!
Watch April-May-June'13 and watch mostly August-September '13 (confirmation of long term change).
Europe is faaar for being ok. And the present euro appreciation is just a strong brake for future german exports and France is anyway dead already. That will create BIG problems in q2/q3/2013 for Europe.
Now tell me: when the whole market will jump in the dollar and will short the markets and the "nouveaux bulls" will sell like crazy their newly bought stocks ... do you think that 85 bln/month is enough? Ok, maybe Bernanke will double the stake (i say "stake" cause he is not a real central banker, he's a poker player in the way he conducts FED and intervines agressively in the markets) in the POMO. But I truly think the market has a much stronger force even than 200 bln/month. And if Bernanke's pushing more (+200 bln/month) on his stake, "Weimar Republik" will be written on USA's future and the world will see FED rising interests to 8-10-12 and more % for $. So another wave of credit defaults due to credit pricing, another wave of problems in the real economy not nourished. State bankruptcy of USA - this is the next station for the markets' bus if Bernanke will keep pushing buttons for more printed money.
Was Obama called "the hope" for USA?
LOL! He and his friend (Bernanke) are dooming USA. China and Russia should erect a monument of Obama in every of their own towns (+ 50.000 inhabitans)!
They're all Fakes! Big Fakes! And the simple average people of US will pay this mega-trillion-party starting 2015-2016!
V.
p.s. there comes a time when all empires dissapear... the russian empire, the Roman Empire, all of them have a crysis moment , don't make the real ok moves to continue in history and they fall. Simple as a candle bar!
Obama is the last president of USA as it is known USA now (borders, influence, power in world, main player due to a reserve bank currency and due to military power and so on...).
Its not going to end well,that much is sure.I still have sell signal in place for the Dax and agree Europe is where shorts should be focused.In the US bears just have to very risk-averse/careful
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