You Can Not Keep A Good Market Down
Greetings to everyone out there in the enlightened financial community. I must apologize for my brief absence; I have been putting my money where my mouth is and converting my soon to be worthless pension promises into hard assets. The process has been wrought with difficulties, red tape and bureaucracy. The lesson here is for those of you who doubt the imminence of the oncoming collapse and have procrastinated; A lot of these necessary moves to protect yourself during the Great Wealth Transfer take time, and should not be delayed.
So, you could cut the tensions in the air of financial markets with a knife.. How eerie and reminiscent is it of bubbles past? Just check the latest charted correlation of DJIA 1928-30 and today’s S&P 500(courtesy of ZeroHedge).
Now don’t get me wrong, I’m not saying the current market will absolutely emulate the Great Depression’s stock patterns. HOWEVER, something over this time frame with this degree of correlation cannot be ignored. In a world of high frequency algorithmically synced markets, who’s to say?
I have managed to digress from my original point, but a lot has transpired since my last transmission. The main drive for this article was the downright dispicable comments of the financial MSM.
Let’s recap the last 12 hours(It is currently 330pm EST 2/13/14).
While the American people slept, the EU finally found a way to pay for the exorbitant amount of debt facing the Euro nations. Wait for it, wait for it, YUP! If you guessed personal savings account confiscation, then you guessed correct!
This of course, caused mayhem throughout global markets, shaving 11pts off the Russell 2K, 9pts on the SPX and 100pts on the DIA… All leading up to very important retail and job numbers. Now I shouldn’t have to tell any of our readers how those numbers came out.. DISMAL!!!
Luckily for us, the combination of personal wealth confiscation and dismal economic numbers spelled a 5 letter word for US equities: R A L L Y.
No uncertainties, no pullbacks, nothing. Just high frequency wash trading across the board. The Russell went up 26 pts, SPX 18 and the DIA 160 from those bearish results @830am EST. When asked how this move could be explained, some nameless robotic stock shill replied, ”It’s simple. You can’t keep a good market down.”
In the words of Stan Lee, ‘Nuff said.