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Stocks Are Officially in a Blow Off Top
Stocks are officially in a blow-off top.
This is the culmination of Bernanke’s life’s work. In his mind he has succeeded in saving capitalism by spending trillions of Dollars pushing stocks higher.
It doesn’t matter that the US hasn’t experienced 3% GDP growth a SINGLE year since he took the Fed.
It doesn’t matter that the employment ratio is at levels last seen back in the early ‘80s. It doesn’t matter that there are now a record number of Americans on food stamps.
All that matters is that stocks are up. That equals a recovery for the Fed.
This whole mess is sad really. Having seen two bubbles burst in the last 13 years, we all know how this ends: in disaster. And each time the disaster has been bigger. Indeed, the 2008 collapse was a far worse thing than the Tech Crash.
And what’s coming will be even worse than 2008. This time around, entire countries will go bust, not just banks.
On top of this, when this bubble bursts, interest rates will already be at zero and the Fed’s balance sheet swollen with garbage debts. The Fed and other Central Banks WON’T have the usual tools available to save the day.
For more market insights and commentary, visit us at: www.gainspainscapital.com
Best Regards,
Graham Summers
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Not to worry...
re: "Central Banks WON’T have the usual tools available to save the day."
They'll still have a surplus of tools.*
This time it's different.
"Stocks Are Officially in a Blow Off Top"
Until we pullback a percent, and then a new bull market will start, .... and over, and over, and over ....
Question or Comment, I'm not sure
It seems to me that if the fed bought all the junk debt and their balance sheet is over loaded, it could declare bankruptcy, eliminate the debt and we'd all be fine. Thoughts?
They're in full time ramp mode, must be someting really bad soon. How are they goin to swallow a "Blow Off Top"? Maybe just spit it out and inject another zillion in it's butt!
This entire planet is in a blow-off top.
In circulation as a 1 to 1 substitute fo Andy Jackson?
The Bernak bill I mean.
I sure hope I can subscribe to the piece of shit newsletter before the subscription price goes up again for the hundredth time.
Newsletters have already had their blow off top. They'll start getting cheaper soon, you watch.
Blowoff top - some sort of blow job?
You do know interest rates can and will go negative....
This is a blow off top:
http://images.sodahead.com/profiles/0/0/2/1/8/5/9/3/7/foam-beer-77118125...
Uh, that's detergent added to the beer to give it a NICE HEAD.
You ever watch FALLING DOWN where the guy asks for the burger that is in the picture?? You really don't want what's in the picture because it is FAKE.
I think he still wants to get his face on the new $1,000 bill.
Zimbabwe, you left off a couple of zeros. Get that slide rule calibrated! thanks.ald
The Fed is becoming our defacto bad bank.
No, YOU are the bad bank. All Federal Reserve losses will be off gassed to the galactic chumptocracy... the morons under mass delusion that they will be bailed out when the aligarch hand maidens have already told you to "suck it up and cope, buddy."
Not enough bailouts: 'Suck it in and cope!'
https://www.youtube.com/watch?v=TYHQLNb3zGA
What insightful analysis.....stocks are in a blowoff top.
Only problem is Graham has been blabbering the same nonsense for almost 4 years.
Graham.....anyone who ponies up 5 cents for your horseshit newsletter deserves to be slammed in the ass.
Leave graham alone....he's Tyler's special little brother
sans ANY lubrication whatsoever....
Bernanke isn't trying to save Capitalism. He is simply looting the nation's treasury and transferring the wealth to his billionaire buddies.
Correct, and 85 billion per month will become 120 billion, then 300 billion then, 500 billion...
Do what the billionaires are doing, exchange paper promises for physical assets (revenue generating if possible) while you still can. Pay down debt, hold title to land etc. Don't sweat the risk of future taxes, especially in areas where many own their property. Taxes cannot be collected in a collapse scenario, especially when all the owners are well armed and the local official's identity is known.
Why pay down debt in the hyper inflation scenario you imply?
Load up on debt today, buy assets that will inflate and pay down debt with those inflated assets later.
If you can find a greater fool.
http://www.youtube.com/watch?v=c2dImprgiB8
Titles to land will be revoked in the name of "fairness".
They already have been. Check your mortgage out that you signed. You are described as LEESEE and or TENANT. Unless you hold ALLODIAL TITLE, which, nobody does, you never own your property outright. You pay a fee for usage of that property in the form of property taxes.
"Mortgagee" and "mortgagor".
J
Analysis? References? Anything but empty opinion?
You obviously don't understand the word "official." o_0
Nah, just your eyes ... looks like a parabola to me and the list of fundamentals propping it up is very short.
Just don't be standing underneath when it collapses.
No need. He is Graham Fucking Summers.
Manufacturing jobs are at 1942 levels. China has 5,400 miles of high speed railroads. The US? None. Zip. Zero.
Service sector in the US accounts for most jobs. Just how many burger flippers are needed? Or car wash attendants, nurses aids, janitors, doorpersons, washroom attendants, sales clerks, waiters & waitresses, taxi drivers, stock boys, window washers, gardeners, hotel maids, parking lot attendant, lawn mowers, etc. etc. etc.
There isn't a high-speed rail line in the world that has made money
The now-bankrupt Japan rail system had to fudge its books back in the late 1980's to make their main Tokyo to Osaka line appear profitable before a major stock issuance.
China can do this because it is a huge, top-down communist country that has organized the dictatorship of the proleteriat to temporarily serve the purposes of state-run capitalism. It can't, and won't, be repeated anywhere else.
They make lots of money for contractors...like Feinstein's husband.
Who needs high speed rail?
Just another way for the oligarchy to grow Gub'ment.
When the end stations to high speed rail are none other than re-education FEMA camps, you will see high speed rails going all over the place.
Do they make high speed cattle cars?
Sure, as long as you're implying that they're a euphemism for hollow-points.
We do need more gardeners.
Vegetable/Fruit/Grain gardeners to be specific.
Flowers . . . meh.
fed calling military; we are out of tools; got any that will save the day?
Here's what the article looks like without all the size-inflating line breaks:
Stocks are officially in a blow-off top. This is the culmination of Bernanke’s life’s work. In his mind he has succeeded in saving capitalism by spending trillions of Dollars pushing stocks higher. It doesn’t matter that the US hasn’t experienced 3% GDP growth a SINGLE year since he took the Fed. It doesn’t matter that the employment ratio is at levels last seen back in the early ‘80s. It doesn’t matter that there are now a record number of Americans on food stamps. All that matters is that stocks are up. That equals a recovery for the Fed. This whole mess is sad really. Having seen two bubbles burst in the last 13 years, we all know how this ends: in disaster. And each time the disaster has been bigger. Indeed, the 2008 collapse was a far worse thing than the Tech Crash. And what’s coming will be even worse than 2008. This time around, entire countries will go bust, not just banks. On top of this, when this bubble bursts, interest rates will already be at zero and the Fed’s balance sheet swollen with garbage debts. The Fed and other Central Banks WON’T have the usual tools available to save the day.
For more market insights and commentary, visit us at: www.gainspainscapital.com
Best Regards, Graham Summers
Here's what it looks like without all the filler verbiage:
For more market insights and commentary, visit us at: www.gainspainscapital.com
Best Regards, Graham Summers
No, here's what it looks like without all the filler verbiage:
Something horrible will happen at some point. Buy my shit. Best regards, Graham
Condensed:
Something horrible will happen if you don't Buy My Shit.
Buh-Bye.
more condensed version: "Shit will happen"
Or just......shit
That is hilarious. The article is shorter than many posts in a typical comments section!
$ is saying something BIG is UP..? vix, too...
Shouldn't we wait for at least 739 consecutive up trading days to declare this...? A bit of confirmation on "Day 734"...