How Many Times Can the Fed Play this Hand?

Chimp-Poker.jpg

It seems like every time the Federal Reserve meets stocks rally and the dollar gets hammered. But, I wonder… how much longer can this game go on? There are signs – it appears that quantitative easing is having less and less levitating impact on markets and that those effects last for a shorter time. How […]

A Common-Sense View of the Stock Market

Common sense leads to the conclusion that the U.S. stock market is a rigged skimming operation that is essentially a form of legalized, officially sanctioned fraud. Active traders and professional money managers already know how the U.S. stock market actually works, but Joe and Jane Citizen, whose pensions generally depend on the market in some […]

PIMCO Founder Predicts QE3

PIMCO founder and co-CEO Bill Gross told Bloomberg Television earlier today that he believes the Fed will likely shift its quantitative easing focus to mortgage securities to keep borrowing rates low when Operation Twist ends in June. If Bill Gross is correct then we can expect more of the QE induced rally in stock prices […]

Trader: the "Market is Toast"

In a somewhat scary and painfully frank interview a BBC interviewer is visibly shaken when market trader Alessio Rastani predicts that the “Market is Toast.” Apparently there is nothing Euro governments can do. Trader: “Eurozone markets will crash”

Bank Stocks: A Repeat of The Great Depression?

Bank stocks look terrible, just about the worst market sector out there, but at least they’re not doing as badly as they did in the 1930s. Yet. Take a look at this frightening chart, which shows the lost decades for bank stocks that followed The Great Depression. Banks have been somewhat more volatile during this […]