Market finally turning bearish?

QE3. HTH

Bearish yes, crash no.

Short of a nuclear warhead exploding in the middle of London or New York, the markets will not be allowed to "crash" again in our lifetime (allowed being the key word here). Even then I have my doubts. The markets shrugged off a catastrophic tsunami in the world's third biggest economy, a nuclear disaster still unfolding at Fukushima, war still raging in Libya, a Portugal insolvency, an Ireland insolvency, stagflation in the UK, a Spain hanging on by a thread, mini-revolutions in Egypt and Yemen, unrest in Nigeria, a near certain Greek default/restructuring, a Gulf of Mexico oil leak disaster, and an assortment of other market negative news (slower global economic growth projections, higher than expected inflation, austerity measures, etc). Why???

Because the market is not free to react to economic fundamentals. It is centrally controlled and manipulated. It has disconnected from the economy and the only driver now is massive FED induced liquidity.

Bernanke knows he can't print gold, he can't create oil with just a few keystrokes, he can't create jobs out of thin air, nor can he create growth with the financial system burdened with bad assets that still haven't been dealt with but simply moved from one balance sheet to another. What he does know however is that he can keep the markets up through massive liquidity injections, buying the market through his proxies and continue to step on the throat of interest rates through his POMO operations. His only enemy, rising commodity prices causing run away inflation and PMs screaming fiat money debasement. So, he'll step-in when he feels is needed, in coordination with his proxies and other central banks, and smack them down (the silver smack-down was PRICE FIXING, nothing to do with bubbles, speculators and charts signaling overbought positions.......simply PRICE FIXING). And this will continue to work, until one day it doesn't.

No Ponzi system lasts forever though

Im shorting FTSE @6000 is the worst index by far full of commodities that could soon crash and UK retailers, the US data out today was p*ss poor yet still its in positive territory but not for much longer imo. Also i don't like sterling I think its going to go parity with euro eventually. The UK is propped up by pomp and reputation, basically bullsh*t and it will unravel soon imo.

PierreLaRogue the FTSE 100 has little to do with "UK" companies. The UK might well be propped up by pomp and reputation, but that's  got little to do with the FTSE 100

they are uk companies in name only. Most of them make all their profits abroad.

found out you can spread bet it, but minimum deposit is £450 (20% margin) trading at 24p/point on igindex.

Whippet you can trade on Tradefair (Befair) depositing £30 and trading the FTSE @ £1 a point.

hmm, my above post was actually supposed to be on another thread. [:x]

isnt stockmarket a legalised pyramid scheme?timing is everything

The UK is propped up by pomp and reputation, basically bullsh*t and it will unravel soon imo.

Plus a population who accept riduculously low odds on themselves winning anything. In other words whatever the price is on UK t!ts up and Vince being right again its too high.

A slight recovery these last couple of days, another chance to short, these markets are totally out of touch with reality, if i lose i lose but i will keep shorting unless of course there is a big change of policy/fundamentals.

Presuming that it hits 6000-6100 early next week, that could be a rather tasty short. It has been unable to break that level for ages now; I'm presuming it will follow the dow etc down when QE2 ends. So this could be an excellent point to load up on shorts. Watch everything rally now I have said this.

Well it rallied up to 12600 and 6011 then boom back down, working well.

There she blows! bears in control now.

She won't crash, nor will she blow, she will correct (long time coming). The US equities markets have already corrected about 5pc since the first trading day in May. She won't be allowed to blow or crash (I posted about ad nauseam on this forum), allowed being the key word. The markets are just about the only thing the FED can control and Bernanke is not about to relinquish that control. Plain and simple.....

M, May is traditionally a month to hold so that can be ignored imo. I do agree that there is a financial life-jacket supplied and (I am surmising from your previous) that the the people that matter are not quite ready for the 'full' correction. What you do with any increase of your wealth in the interim is the bigger question.

What to do with any increase in wealth in the interim depends on your perspective. If you are a deflationist, stay in cash. If you are a hyperinflationist, convert cash to hard assets, or better yet true money (gold). If you are a stagflationist, then the choices are not as clear......

You post a lot of drivel, what level was you shorting at? and you think bernanke can control it? no in my opinion theres a decent chance it will go off the rails and crash completely, a lot of people were saying treasuries would go up, even i was in that and that was totally wrong. Just because you expect qe3 doesnt mean it is guaranteed to happen, qe2 has been proved totally useless anymore qe would be even less effective. Its this type of complacency that has kept the market as high as it is now, theres protests in greece right now, they've just about had enough, if that blows up you're looking at a real crash.

You're just copying and pasting stuff off other websites, tell me when will qe3 will happen if you want to make a real prediction, at 100 dollar oil Qe3 CANNOT happen, at 90 dollar oil Qe3 is still unlikely even at 80.

qe3 = pain for US consumers with barely any benefits, there will need to be blood on the trading floors before qe3 has any chance of happening.

With the world reserve currency comes responsibility, i think even the US has enough decency to know that a huge devaluation of the dollar could lead to millions, if not billions of people starving and more protests.

But PLR have your not just backed M's opinion that QE1,2,3,4,etc is happening because there is no other viable solution?

Pierre, chill mate, why the hostility?

You post tells me only ONE thing. You haven't a clue why QE3 is inevitable. If you think reducing the Americans standard of living or causing starvation around the world will stop Bernanke for acting to save yet again the banks through another round of QE, then you missed the big picture. It's inflate or die for the FED, and inflate they will even if it means collapsing the dollar. This is not about the economy, it's about continuing with the ponzi fiat monetary system that benefits the select few.

You come one here and spew "the market is crashing, the market is crashing" every time the market is down 1pc. No crash yet, no a crash ever. The money printers are in full control. Trade it.......

NYSE now closed. The DOW down for the day a whooping........0.80pc, on a day when the US economic indicators released before the open normally would have send the market down 300 pts. No crash today. May be Monday though, if Bernanke decides to take his boot off the markets' throat......but I doubt it. Have a nice weekend everyone and trade the big picture not the flavor of the day.

By the way, I hope you two legends have enough time for my other thread.

Big B, I don't consider myself a legend on this forum. I have shared a lot of my views on here openly and honestly for some time now, albeit I'll be the first to admit often in a controversial and arrogant tone, got a lot of things right, yet I continue to get nothing but abuse and harassment from trolls like lucky13. Although most everyone on here knows and understands what's going on, no one speaks up to defend me except J2BLUE, the rest of the forum chooses to stay silent. I'm tired of it. It's time to stop posting and mind my own business.

I wish everyone all the best in protecting and growing (if possible) their wealth in these unprecedented times. All the best.

Menelaus

Menelaus is a big boy and can well take care of any pissant stalker without reporting him, of that I'm quite sure.

For idiot Mel.

Pierre, even a broken clock is right twice a day. The problem is the other 1,438 times...