Skip to comments.Bob Janjuah: "Markets Are So Rigged By Policy Makers That I Have No Meaningful Insights To Offer"
Posted on 02/20/2012 10:54:58 AM PST by tcrlaf
"I am staggered at how easily the concepts of Democracy and the Rule of Law two of the pillars of the modern world have been brushed aside in the interests of political expediency."
SNIP---- I am not well equipped to navigate bubbles where tactical views and secular views are all thrown into the melting pot together, where there is no visibility, where as one client put it to me recently we have Monetary Anarchy running riot, where the elastic band between the real economy and the current liquidity-fuelled markets is stretched further and further beyond credulity, and where history tells us that policymakers will happily stand by whilst bubbles are being pumped up, and hope that they are onto their next job before it all comes tumbling down. SNIP---
"My personal recommendation is to sit in Gold and non-financial high quality corporate credit and blue-chip big cap non-financial global equities. Bond and Currency markets are now so rigged by policy makers that I have no meaningful insights to offer, other than my bubble fears..."
Assuming that we are in yet another liquidity fuelled rally courtesy of Bernanke and Draghi, then there are some key things to remember. First, such rallies can last days, weeks, months, perhaps we could even extend into 2013. And to give a proxy guide the S&P could end up in the high 1500s again if this current binge lasts into 2013.
(Excerpt) Read more at zerohedge.com ...
There is SO MUCH government intervention in ALL Markets, including stocks, that as a seasoned trader, he can no longer make short-term calls as to what is going to happen next..
"If you've invested (wasted?) considerable time studying these (now obsolete) things called "markets" that are supposedly used for this thing they call "price discovery"....
BOTTOM LINE: The Fed will do ANYTHING possible to forestall any collapse past election day. Then it simply doesn't matter how far things fall apart, the dream of the Radical Socialists in charge of America will be fullfilled by the wrecked economy.
It’s not “political expediency”, it’s just Democrats looting any place that has money. Why do you think Democrats HAVE to win every election? Is it because they’ve always dreamed of having those jobs? No. The public treasury is where the money is. I used to think that Democrats were misguided idealogues. Now, I just think they’re thieves.
Radical Socialists in charge of America will be fullfilled by the wrecked economy.
Indeed only the ones with gold will survive until the Obama call it illegal to hold gold.
Cold or not Canada is starting to look good for many if obama steals the election.
enough is enough already...
Didn’t I see this in a novel somewhere?........Atlas something-or-other..........
Bahamas....the weather is nicer...........
I think you’re right.
There’s no Soviet Union to spot them several million dollars a year, they’ve already bankrupted the savings and loan industry through fraud (like the Whitewater Development Corporation), their scheme to milk the home mortgage industry is played out (although Obama is still pushing it), and they can’t get any more stimulus cash.
I think they’ll have to continue to develop ways to get foreign cash like Clinton did and Obama is working on.
Gone are the days of the “free” market.
I don’t think rigged is the right word. Governments have injected so much noise and outright deception into markets that it is impossible to read the actual economic signals.
In many markets price is more about changing government regulations and subsidies and not so much about supply and demand.
look at CNBC. (fox business is not even a player at this particular point)
CNBC ONLY putts out government sanctioned states. Any questions about the stats is cursory and dismissive. If a bad comment slips out, then an official party spokes lieutenant is on the show for then next 2-3 days ridiculing the comment.
Not so loud make them look in Canada.
“Markets Are So Rigged By Policy Makers That I Have No Meaningful Insights To Offer”
My son keeps asking me for advice on investing. This is the exact response I have been giving him, since the tragic ascent of the RaceMarxist.
Any ambiguity about what is going on, should have been completedly mitigated by the biggest investing story of at least the last 20 years: The criminal takeover of GM by the US government.
Sounds like Bob Janjuah is coming to the same conclusion as Ann Barnhardt did a few months ago.
High Profile resignations at banks across the world in the past 2 weeks
February 19, 2012
Markets are rigged by gangs of fund managers, each with their own interests. The problem is that many of their activities aren’t based on production of useful things.
As for the heads of the Fed, they’re caught between a rock and a hard place. Lay down in the face of currency and trade wars? Crash now, or crash later? We’re riding too much on debt and not enough on production. It’s going to be bad either way.
Whoa. Just had a flashback to the sixties when my Grandmother Irene told me that all thieves aren't Democrats, but all Democrats are thieves.
Funny how some things stick with you.