Yes, I like the party. Iâm buying on dips. But I have observed in the past that some stupid official always begins to believe they have âsaved the worldâ and reigns in the fun. Then the party becomes a drunken brawl.
Take notice how quick they are to interfere in the market place when the markets are collapsing but when the markets are SURGING they sit back and look the other way, remember this is the start of a new bubble in our economy, there is going to be another collapse after this next asset bubble runs its course, its the only way they know how to create a new economy, by creating asset bubbles.
Has anyone noticed the 10 and 30yr US Bonds are getting antsy? It looks like the US will have the let the US equity Market fall to steer people back into treasuries because their auctions recently haven't been too successful. JMHO.
That's it. The intent I believe of the EU and IMF bailout was to reassure investors so that bond prices would go higher and lower the interest rates Greece has to pay. Bond prices started heading lower again which means Greece will have a harder time to pay their debt which now means they may default. If they default, this may cause other countries in the EU to default and cause a worldwide recession. SELL! SELL! SELL! SELL! SELL!
And what do you think should they do in this case? Sell it short or shut it down altogether? Perhaps you just ought to stop being biased.