Saturday, March 22, 2014
The Upcoming US Stock Market Crash... so... who will they blame this time?
Yesterday (Friday, March 21, 2014) NPR reported (@25:07) that the new FED chair, Janet Yellen said (when asked if the FED would raise interest rates):
"Maybe in six months and the markets tank."
Pundits on the Diane Rehm show called it a "gaffe."
I thought WHOA, she just spilled the beans.
If you look at the market right now, the bubble is about to burst again. Regardless of what they blame it on, historically, when US markets crash, it's because:
1. the big families agree (in secret) to pull all of their shares out at the same time (buying at the highest point in the bubble)
2. the market dips and other traders/investors freak out and try to sell theirs (dropping the value more)
3. within hours, the market crashes and the families buy it all back when it hits the bottom (within a day, they can sell a stock at $100, watch it drop to $10 and buy it back, making out with an amazing profit)
Only problem is, it's illegal.
Be careful.
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