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Time to buy stocks. Again, I'm proven right.
I've claimed numerous times that Bernanke will print forever and never raise rates. His strategy is working, and we're already witnessing a fantastic economic recovery.
Heh - if by "working" you mean "bankrupting billions of people so that a bunch of banksters can get their bonus" then yeah, it's working like a charm.
Whether you like it or not, we'll see DOW 14,000 before August. Prepare your Kleenex.
But Jane King told us this morning we're in a strong recovery. Hmmm....
Trust your eyes, not your ears.
If the economy is on "fire" why would the fed continue QE? What are they looking at?
sanity is dead. praise be the hoenig. may he ease for ever.
If the economy is on fire, why has the FED surpassed China in US Treasury holdings?
@William the bastard - If you or anyone with three particles of grey matter in their Sculls can explain that to me, I will walk Naked as a new born baby down Wall street and suck on the first appendage that presents itself.
Its like excepting that you have a fire and yelling for more Fuel. WTF is going on. It is destructive, insane and feels like the World has gone to Hell in a hand basket.
When you learn to spell, I might take your comments seriously.
F the fascist overlords. I'll buy hard assets instead of stocks.
You're assuming, of course, that I care if the DOW goes to 48,000 or 48.
Hamy, At this point, I dont think anyone is going to short stocks. If they do, Vaseline would be a better tool.
"Whether you like it or not, we'll see DOW 14,000 before August. ... "
Sure, we´ll also see $200 oil before August. I mean, do you understand the difference between real and nominal rise? Just askin ....
Relax! He's busting your chops!
You need to understand the difference between real and nominal Wanger...
Nominal Wanger. I like it.
Can I use that as my next ID?
Wanger - "proven right again" LMAO! QE infinty has been "called" by just about everyone here... and it will go until they get the desired effect. And that effect isn't artificial / nominal "recoveries" you blind apologist for corruption and manipulation... the desired effect will be destabilization and the resulting controls. Two words - Ray Charles
*pssst: wrong Wanger*
Can someone explain to me how people are still falling for this?
reading comprehension bitchez!
Yeah, like I've never said that before...
Great, what does DOW 14,000 taste like? How many can it feed?
Buy all the paper you want. In the end it's only utility will be to wipe your arse.
Hamy, we all realize pumping the markets makes stocks go higher. What you don't seem to realize is there will be a nasty downside to this BS the Bernank is pulling. And you'll need more than kleenex when that downside is realized.
Errr excuse me, 16,000. Has to reach and top the 2007 high or else risk looking like a double top (like during 2008, remember?). Unless we get a convincing breakout through the old high there will still be technical reasons for people to stay on the sidelines, in addition to those who don't trust 200% rallies on bad fundamentals.
we will see if inflation really takes root and unemployment rises(in real calcs not bls). lets see if hamys trickle down economics works( i hope for the me and my fellow americans) but my mind tells me it will trickle to higher commodity prices and as in my business increase in the cost of goods and the only way to compete is to lower my labor rate. my mind is usually right and my hopes have a bad track record
we are so fucked. so where are we all going to gather to depose Bernanke? In front of the Fed? If I could afford the gas, I'd be there with my tent.
Have you ever heard of "Bankster Island"? Try and search.
QE to infinity? NO! Really?
BTW, here's a new movie to enjoy:
You are screwed and there is nothing you can do about it..
It is so sick for a woman who was just raped saying "fuck him!"
I don't understand why people are in such denial... sick..
<insert outraged response to troll here>
LOL. Really, he isn't even a full fledged troll, just an impostor.
Yeah, he got me! Am I red?
Hamy!...you were first...you passed up the classic 'Buy Stocks Bitches!' opportunity...now I have a sad face.
No doubt it is the same nominal dollar in your pocket, but the melt-up of the market is not the actual purpose of QE-nth. TD has pointed out accurately numerous times that the real purpose is to provide a secondary market for otherwise unmarketable govt. debt, meaning the U.S. Treasury cannot issue debt to a real market at interest rates it can afford unless the shell game continues through POMO buys. The U.S. cannot afford to look as if can't sell its debt when it needs $2 trillion in loans a year; thus, enter the Dragon, the Fed, to make it look as if there is an organic market for American debt, when the Fed is simply hallucinating a large fraction of the "money" finding its way into the Treasury auctions. This fraction will continue to increase as long as interest rates are held low. When and if they're allowed to move up, the U.S. govt is bust. But the Dow is a nice palliative while we wait for this inevitable process to take place. Take it to the hoop, Hamish.
His strategy is working, and we're already witnessing a fantastic economic recovery.
His strategy is working, and we're already witnessing a fantastic economic recovery.
This is an idiotic statement. To wit:
The conditions that caused the 2008 melt down have not been addressed.
So, HamyWanger, the Dow is really a false metric as to overall economic health. It is a creation of the Fed that has no true value that allows us to gage how we are doing... It is full of hopium. It's something that the masses can see on the network news that tells them that "things are going well".
But at a fundamental level, on the inside, people are confused because they are either out of work or underemployed and it costs more to feed their families and more to fuel up the car and after that there is less to spread around. Forget about discretionary money.
Being right about what Bernanke has done and will do leads to the false argument that if the Dow reaches 14,000, the we are well on the road to recovery. Wrong! It just means that we have effectively exported most of the inflation which is causing big problems abroad that our leaders - and HamyWanger - look the other way on. I shudder to think that there are people in America that think that Obama, who I voted for, and Bernanke and Jeethner are charting a good course for our nation. I have neighbors who think like HamyWanger and it scares me. Also, let's not even discuss the HUGE bubble that the Criminal Fed is blowing as a result of all of the money it is printing, and I agree with Jim Rickards here. Quantative Easing is just a BS euphamism for printing money, so let's stop the nice talk about what the Fed is doing. THEY ARE PRINTING MONEY OUT OF NOWHERE, FROM NOTHING, BACKED BY NOTHING. So, HamyWanger, Dow 14,000 has little meaning for me. BTW I finally got on the "right side" of this market, but I'll have to make 30% just to stay even, accounting for the destruction of the dollar and inflation.
It will be a pyrrhic victory for Bernanke and Obama if the Dow reaches 14,000 on the Bloomberg screens, but our country teeters on the brink or ruin.
This is not an economic recovery, this is a constructed manipulation. I agree that the stock market is going to go higher, that does not mean the economy has recovered.
Once you go Sack, you never go back.
I think 36,000 is a cool-headed conservative estimate. We've been up 9 out the last 10 weeks. Stocks have only retraced more than 100 points once in 6 months.
Agricultural Land Bitchezzzz!
And Seeds Ma'f*cker
Thank you Tyler. I was debating on wheather to buy some more APPL and Goog. You are a great help. Please change name of website to Infinity long. I get 30% finders fee for the idea.
Only if the S&P is below 1500 at the time! Otherwise they will let the free market dominate for at least 60 days. You remember what happened last time they allowed that to happen right? (May June 2010) Oops nevermind, QE3 it is.
p.s. Moneyball author Micheal Lewis on CNBC today - looks like he has a good article on how the investment banks and stoopid commercial banks helped bring down Ireland. Video here
The question is, are they expecting the data to be weaker than expected? I'm thinking "yes".
Debt is money create more debt print more money!
It works until it doesn't
An outside force will stop this eventully , maybe around QEXVIII
Can we NOW follow Egypt's example? PLEASE?????? Or must Americans wait until they are paying $2500 for a loaf of bread and selling their children off into prostitution to fill the tank?
This is getting more than a bit ridiculous and the apathy and servility being displayed by the American people regarding these policies is more than a little alarming.
I am praying to GOD that he strikes these basturds NOW!
Hey Egypt's people won! Now it's our turn!
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