Update on Stock Market & Gold - Mike Swanson (12/05/2013)
Above is a video update on the stock market and gold.
Here is an example of the total BS "taper talk" in the media now. This junk article is one example from CNBC of course. They never talk about how you can invest and make money - its always some junk news story that often has nothing to do with reality.
Theoretically Bernanke could trim it by 5 or 10 billion and cut out the number of mortgages they are buying from Wall Street bankers, but the odds of that happening are about zero.
And is Bernanke going to do this just before he steps down?
You see the Fed can't stop QE because QE is funding the US federal deficit. But CNBC's Steve Liesman will never talk about that, because he is a mouthpiece for Wall Street - no different than this guy was for Saddam:
At least Ali had a sense of humor and was funny. Liesman isn't funny at all.
This is Steve Liesman acting in defense of Wall Street and the Fed as he always does:
This above is a clip of Liesman supporting and defending policies that have wrecked the American economy and annihilated the middle class. He says the Fed policies are helping the economy - when in fact they are causing inflation and making it so the middle class guy can barely survive anymore.
If you don't support the Fed than you won't be a regular guest on CNBC - and if you are let on you will be attacked and smeared.
Liesman is correct though in that TARP was indeed a successful bailout operation for Wall Street.
Someone I know that grew up in East Germany told me that watching American TV isn't much different than watching old Communist TV was back in those days, because national news generally here is of the same format he says:
1 - a breaking news segment about a world enemy to fear
2 - news about some government program that is going to fix the economy
3 - a human interest feel good story
These are essentially the three things you see on TV news in the United States over and over again - with zero real journalistic analysis.
In other words its propaganda.
The above clip of Liesman fits into the second category, because it's a defense of the Federal Reserve and US Treasury whose programs helped create the 2008 stock market crash and whose policies now have bailed out Wall Street and created a dead zombie economy as a result.
Zero interest policies have been a disaster for the retiree, but have been a boom for Wall Street big banks that Liesman loves.
Anyway - enough of a rant.
Stock market is simple now:
End of the year rally but pause now is going on.
Next year a 7-10% correction is very likely.
So you gotta figure out how you want to navigate that. Buying now for a rally is fun.
Being cautious when next year comes will be prudent.
But right now PARTY TIME.
JOIN: WALLSTREETWINDOW FREE MEMBERSHIP
* Join and receive the Two Fold Formula guide to picking stocks and combine tested fundamental valuation metrics with technical analysis.
*Align yourself with the big trends of the stock market and be alerted when these trends change.
*Receive free updates when we see an investment opportunity in an emerging sector before the crowd gets in.