Hocus Pocus.
The FED has succeeded in creating a huge Stock Market rally by magically applying printers ink to endless rolls of paper. At least $ 85 Billion/ month out of thin air.
Can this last?
I have been sitting on the sidelines, watching this phenomenon.
A lifetime of economic rules, and logical economic forecasts have been turned upside down.
Used to be that the Market would signal the economic future six months in advance.
If the market went down, you could expect a weak economic future, and visa versa.
When you have a market driven by $ Billions every month, prices are driven by a printing press, and not by economic fundamentals.
The fundamentals are not that good, and certainly not as wonderful as the market rally of 2013.
I may have missed the ride up, but I learned many years ago, that you do not “PLAY” the market. You either invest, or you speculate/gamble( another way of describing a non professional trader)
Bottom line, dear friends. Be Very Careful.
The Market is not what it appears to be.
It has turned into a huge Ponzi scheme, and you the average middle class schnook will end up holding the bag.
Maybe not today, maybe not tomorrow, but it’s coming to a trading account near you
BEWARE!!