Friday, October 18, 2013

With Nothing Holding Them Back Stocks Will Keep Rising

Now that the government shutdown is over, there is no longer a debt ceiling - that's been suspended - the Fed is ramming $85 billion a month into the system and we're soon to have a Fed Chairwoman, Janet Yellen, who will print so much money as to make Ben Bernanke look like he was standing still the past five years.

Despite what the media says, Janet Yellen saw no danger from a housing bubble back in 2005, 2006, 2007 or 2008. It was only when it imploded did she consider it a problem. Hopefully, Mrs. Yellen will be the last Fed Chairman (or woman) ever, as she guides the global economy further into indebtedness which will never be repaid.

Then, when she is gone and the world's currencies are rest to something more reasonable, maybe we will have sane markets, free markets and stable economies, not the bloated wastelands that we are currently supposed to accept as "normal."

Since the Fed's relentless, continuous, non-stop money creation out of thin air is the only thing that matters, stocks are the place to be. Someday, they will be the place nobody wants to be, so, the question is, do you feel lucky, punk?

Do you?

Dow 15,399.65, +28.00 (0.18%)
Nasdaq 3,914.28, +51.13 (1.32%)
S&P 500 1,744.50, +11.35 (0.65%)
10-Yr Bond 2.59% 0.00
NYSE Volume 3,625,746,000
Nasdaq Volume 1,854,716,125
Combined NYSE & NASDAQ Advance - Decline: 3911-1727
Combined NYSE & NASDAQ New highs - New lows: 852-32 (now, THAT's extreme)
WTI crude oil: 100.81, +0.14
Gold: 1,314.60, -8.40
Silver: 21.91, -0.034
Corn: 441.50, -1.50

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