Skip to comments.U.S. Futures Gain Ahead Of Open (QE3?)
Posted on 08/22/2011 5:58:49 AM PDT by blam
U.S. Futures Gain Ahead Of Open
Aug. 22, 2011, 8:27 AM
U.S. markets indicate a higher open on expectations that the Federal Reserve will announce another round of quantitative easing.
Futures on the Dow Jones Industrial Average rose 134 points to 10954, the S&P 500 rose 16 points to 1140, while Nasdaq 100 futures added 33.80 points to 2074.80.
Moving closer to the opening bell, the Dow is lower than the 148 it had added earlier this morning.
Here's the volatility in the Dow over the past two weeks:
(Excerpt) Read more at businessinsider.com ...
I watched the over night foreign markets and gold and platinum go neck and neck to $1895 and $1896 respectively.
As I said after the first major correction a couple of weeks back...I wouldn’t be surprised if it was a controlled fall in order to force people to demand that Obammie the Commie use that new debt ceiling to pump money into the markets via QE3.
Folks, the fundamentals suck. There is no denying it to anyone who is following what is happening.
Another round of “stimu-less” will spike the markets for a very brief time. After that, look out for free-fall, because we’ve reached the wall in terms of borrow-and spend.
Also, protect your private-retirement accounts.
The governments are going to contract their benefits to the public-sector unions, and in some cases default completely. There will be a round of Greece-style austerity and similar violence in reaction.
After that has occurred and the economy still sucks, Obammie and his Commies WILL come after your private retirement. They will nationalize it to save the unions, their pay and pension and benefits, and they will promise you a higher rate of return when you go to cash it out.
DON’T BELIEVE THEM.
"We, therefore, believe that the market has now entered a major downtrend. It is a mistake to dismiss the slide weve seen to date as mindless and devoid of fundamentals as many strategists maintain. These are not just scary headlines-they are scary fundamentals."
Just the market reacting to Libya as if it means something. We’ll be back in the red tomorrow.
Futures would be gaining based on a belief that Quadaffi is about to go and that Lybian oil will once again flow to European ports.
The "Peter Principle" in black and white.
Bernanke may not even be able to do QE3 since there are 3 Fed members who have already voted against him...one more against QE3, and the Bernak will not be able to do anything to prop up the market.
It is a mess...Obama and his merry band of gay blades are a hard headed bunch of bastards...fitting the very definition of insanity...
...doing the same thing over and over but expecting a different result....
..if Zer0 comes back from his "well deserved vacation" (choke)...and gives the same old tax and spend, class warfare speech for his "jobs creation plan".....watch out....-(minus)400 points may just be a good day for the market.
QE 3...higher prices for everything and a sinking dollar....then a sinking stock market....watch out
Also, protect your private-retirement accounts.
The powers behind what is happening are not stupid. They are causing what is happening deliberately because it is time for America to cease being the economic super power. The central bankers of the world (of which the Fed Res. is a member) have pumped America up for decades, making profits on the booms and the busts, and now is the perfect time to pull the rug out from America.
The grand effect?
America will be forced to abandon the US dollar and to sign on to a world currency controlled by a globalized central bank.
There are other options, such as complete economic and financial Armageddon before we get to the point of the global organization. I don’t doubt that the powers behind this would like to reduce the world’s population by several billion before they try to take over.
Get out of the equities markets (Dow, S&P). As long as things are all right, food production may be a good investment, but I’d worry less about reaping a profit than I would just trying to maintain the purchasing power of the money I’ve earned.
If you switch out of the markets, put your 401Ks into some sort of liquidity like Fidelity cash reserves. They earn nothing but every dollar you put in is backed by a dollar of capital, so you have no real fear of losing what you put in. It just sits there. If and when they it starts looking like they are going to nationalize the private-retirement accounts, cash out, pay the penalty and taxes (that quick windfall would be part of their desired goal), keep some cash for as long as it has any purchasing power, and with the rest of it, purchase the goods you’ll need to survive. Don’t invest in ETF gold (paper gold or futures) with no physical delivery, if you invest in precious metals. Only purchase that which is delivered so you have it on-hand. Storable food, seeds, guns, ammo, water purification, reliable transportation, backup fuel.
If you have enough money and you are near an urban center, purchase a retreat in a small town a couple of hundred miles away and stock it.
My tag line has not changed in quite a while.
Thanks, and agree.
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