This Bernanke is real *******, when everyone doens't expect anything, he suddenly announced that there would be QE tapering. When everyone expects him to taper, he said maintain QE. I now tend to believe the conspiracy that he actually collaborates with the Wall Street guys. He knows the QE is definitely not sustainable (it's a giant bubble), but he couldn't care less (as he is retiring).
I guess the main reason why they maintain QE is because the mortgage application rates dropped in August due to rising rates. QE didn't solve the root cause, it didn't create sufficient wealth or increase income of the general Americans, it all pocketed the Wall Street guys.
The big cooperations in US are holding up large amount of profits reluctant to invest due to market uncertainties. That why the unemployment in US is still at 7.4%. This month, the sequester kicks in. Mkt is again fills with uncertainties. But for time being, I think mkt will be up and ppl r taking profit in anticipation of next rally. This is my personal opinion only...
Yktay1, we all know there will be a crisis/stock market crash every 5 or 10 years... It's a cycle which keeps repeating itself, but we don't know exactly when. The market is much more volatile now compared to last time. And this QE and the property bubble, I believe are real time bomb. Well, since we play the game, we just watch and see what happen, or else quit the game.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jerry
1,895 posts
Posted by Jerry > 2013-09-19 06:39 | Report Abuse
lol, they are kidding and now bursa will fly :D