Just A Running Joke
12-08-16
mpg
When
It Feels Like 1929, Quit The Markets And Go Gold
Prospecting
This Is An Observation....NOT A
Prediction Or Recommendation -- A quote...."There’s
a madness in the air at the moment. Like the smell of
bacon on a winter’s morning, it is unmistakeably tempting,
and the cause of salivating expectation. But stuffing your
face with bacon every day is bad for a person. Bacon is a
false God. Also it’s not kosher. -- As usual over the last
five or six working days, I’ve been Channel surfing, and
generally ringing round to gauge reactions to probably the
most surreal year of my lifetime. Doing so has confirmed my
sense of something beyond bullish taking place. What we’re
seeing now isn’t a bull run: it’s a drove of pigs jostling
with each other in their haste to get to the cliff edge,
where their ability to fly will become apparent to all. --
Except pigs can’t fly. It’s one of many reasons why bacon is
never in short supply. -- Across the main business news
programmes and channels at the moment, everyone is
locked into New Paradigm gabble. I’ve joked before
about the way the presenters speak, but the speed is
accelerating, the content is wood-for-trees, and the eyes
have those unmistakeable post-line pupils and crazy gleam."
The article above was NOT posted
on this website as a prediction or recommendation.
After the last eight years, watching endless iterations of
various "market" manipulation mechanisms being introduced
to the world: QE (operation print), QE-Lite (operation
twist), derivatives, mark to fantasy, stock buy-backs,
statistical lying, NIRP & ZIRP, bail-ins &
bail-outs, high frequency trading, unlimited
uncollateralized selling (naked shorting), multiple
hypothecation / re- hypothecation , (fraud) etc.,
etc., ad-infinitum.... it's become apparent there is no
"market".
Just a running joke on all of us.
However, this website editor has also recently noted what
the author above has observed, even on perennially doleful
websites like ZeroHedge, almost everyone everywhere
is actually starting to voice the belief that markets
CAN'T go down, that they DO go up FOREVER.
And that truly is a bad sign.
But again to stress, after watching all the fundamental
and technical analysts get it consistently wrong for the
last five years predicting that this sort of activity -
just - can't - possibly - go - on.... and it did,
this is NOT a prediction, just an observation.
Because it really can - go - on! A lot
longer than anyone has predicted, or most likely can
predict.
So IF these "markets" go down in "price" (whatever
that means), it'll be because the very people who can
create electronic ones and zeros out of thin air, and call
them currency, the very people who also created all these
market manipulation mechanisms, want them to go
down. Having blown an enormous bubble they can
choose not to blow anymore....
Or even pull the plug....
And IF these "markets" go up in "price", (whatever
that means), it'll be because these very same people have
decided to create more ones and zeros in their computers,
and more "market" manipulation mechanisms....
But it won't be connected with anything to do
with the "real world"
It most definitively won't be for the benefit of the
people.
It'll be for theirs - mpg
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