Thursday, August 15, 2013
Playing Poker When Your Cards Are Transparent!
There are two very interesting articles that you should look at.....they are each very short, but paint a picture of why I remain so damn skeptical of hanging around in this market. One IS FROM THE FED ITSELF and speaks to how little this QE has actually stimulated anything in the real economy (except inflating markets of course), and the other tries to estimate how much QE has inflated asset prices and at what level the S&P would naturally be at if QE was gone (hint....they think QE has inflated the S&P bye 55%!). So, as I said, the market to me remains a total con game, and you need to find ways to hedge the crap out of whatever you invest in. If I could get savings or money market funds at 4%, I would kiss the market goodbye.....
GIRD YOUR LOINS MY FRIENDS!