• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

Peter Boockvar: "There Is 0% Chance That This Ends Smoothly"

Tyler Durden's picture




 

CNBC just aired a fascinating segment that pitted anchors Mandy Drury and Brian Sullivan (squarely in the markets-are-going-up-and-the-world-must-be-rosy camp) against a more skeptical ("it's all short-covering" - and he's right at the margin) Herb Greenberg and an awfully fact-based reality agent - Peter Boockvar.

The entire 5 minutes were a perfect reflection of the battle in the markets of the last few years - that of market wisdom and the facts versus the blind optimistic ignorance of watching (and trusting) a 'market' number (in this case the Dow Jones Industrial Average Index) rise day after day and not caring why - until - as Peter Boockvar so eloquently notes you have your 401(k) cut in half twice in a decade.

Well worth taking the time to witness the cognitive dissonance of believing the market strength is unrelated to the Fed and yet a Fed unable to Taper even a few billion for fear of repercussions... as Boockvar notes, "there is 0% chance this ends well."

 

 

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