Posted on 02/22/2013 8:26:14 PM PST by ExxonPatrolUs
Two days of weakness in stocks after the Fed hinted it might “vary the pace of asset purchases” has some folks ready to declare the bull market over and done.
“Exit any and all bullish constructed positions and rush to the sidelines," declares veteran trader and newsletter writer Dennis Gartman.
Others, including Pimco’s Mohammed El-Arian, “Gloom Boom and Doom” author Marc Faber and hedge fund manager Doug Kass have made similar comments in recent days, albeit sans Gartman’s dramatics.
Related: PIMCO's El-Erian: Maintaining High Equity Prices Will Be Hard
Given this backdrop and with the economy facing myriad headwinds from the payroll tax hike, rising gasoline prices and the pending sequester it may come as a surprise that one notable guru is very bullishon financial assets, at least for the near term: Nouriel Roubini.
As with most financial issues these days, the NYU Professor and chairman of Roubini Global Economics says it all come down to the aggressive policies of the Federal Reserve and other global central bankers, notably Japan.
(Excerpt) Read more at finance.yahoo.com ...
I just wonder if this sequester was the opening the administration was looking for to stop pumping the market, let it drop and then blame it on the republicans?
I have been seeing this on the ground in FL. Home prices are going up but still no jobs. Doesn’t make sense. The fed funny money has flooded the markets. Smart people realize big inflation is just around the corner and are borrowing like crazy. This is going to be one bumpy crash when the bubble blows.
Always following the Bigger Idiot theory.
That’s been their plan from the beginning. It’s a strategy they’ve been employing for decades.
When their policies fail, it is always because we didn’t go along far enough for their deficit-spending, big-government ride. “If only we’d spent more. If only we’d taxed more, this never would have happened.” They use the old trying to prove a negative trick.
The answer to that is that their plan has never worked. Intelligent people change direction when their downhill road keeps getting hotter and smelling more and more like burning brimstone.
Do you think the Market collapses before the Feds suspend the 2nd Amendment by EO? Or after?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
