The rabid weasel will crash, when and only when the last bear is dead. Short covering and running buy stops of skittish perma bears into suicide nets is a large part of what drives futures indexes higher. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-comfficeffice" /><o> </o> Ignoring earnings, corporate profitability, low interest rates, funny money, blah, blah, blah. I am talking about futures not individual securities which not so coincidently have a high beta/systemic risk. <o> </o> The best news is that the common man is so poor and indebted that they donât have the capital or savings to waste by buying the old maid cards from banksters and institutions. So they will be left to cannibalize each other and wonât be able to pass the gasbag to retail for once.
I think you missed the forest for some trees Maverick. It seemed to me that he was saying that the majority holder of securities and assets are central banks and their crony capitalist friends. Is he right? I donât know, I do know there are record low market participants and a record low of retail investors. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-comfficeffice" /><o> </o> Regardless he implied that a market crash will come when the current holders pass off their investments to the retail investor. Basically he is saying it is under centralized control and ownership and wonât crash until they collateralize and organize a systemic sell off. <o> </o> Seems plausible. It wonât crash until the current holders trigger a cascading dump. If they are in fact a small and centralized few then real collusion is possible.
Not true. It's just mostly bulls right now, because of what the Fed has been doing. The bulls know there should be a correction if it weren't for the Fed. It's a completely unhealthy market.