No one ever said that the market was free says Rick Ackerman
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I listen every day but Great interview today guyst. It does seem at times like the insignificant retail investor looking at fundamental analysis, technical analysis, and sentiment analysis still can’t win if banks, hedge funds, and mega pension/401k funds push the market any way they see fit. The low lying fruit has been raised out of reach for the general markets and the small retail investor, and the commodities and energy have just been hammered for the last few years and the fruit hit the ground and has rotted. However, I am optimistic about 2014 and really wasn’t in 2012 or 2013 that the tide and public awareness is finally starting to turn. Gonna be a wild ride?
Does he know something we do not?
IF you look at my note yesterday…..I mentioned in one of my Rants…………
the banks now have salesmen in every bank in the USA..that are promoting STOCKS…
These” banks stock salesman” are telling the mom and pop savers…it is ok to be in the stock market….besides the baby boom savers, can not leaving their money in CDS . They are forced to speculate………..Mom and pop are unaware of the over priced stocks…………The funds being promoted are forced also,,,,to speculate,,,,they can not hold cash……….
leaving should be leave……..
They cannot hold cash?
Right. If they hold cash they are losing money to a very mild inflation, but there is no return in deposit products like savings account, money markets, or CD so mom & pop have been forced to jump into the stock market or annuities to get any return. Great point Jerry.
“To learn who rules over you, simply find out who you are not allowed to criticize.”
― Voltaire
Also, find out who you are not allowed to short.
This is one of the most important quotes I have read on this site. Criticize a climate change scientist and it is discrimination, holy cow where has this world gone. CO2 is pollution; what happened to lead and mercury.
Discrimination? Who said that?
CFS had a link but I haven’t found it again.
CFS mentioned it but did not have a link.
The way it used to work is promoters would drive a stock price down through selling at certain points and slowly accumulate when the price had bottomed, then the news releases would start appearing and the stock price would move up.
As the individual investor got excited and started buying the promoters were selling. Now as Jerry points out the banks have hired salesmen because the average man can no longer afford to buy. That leaves The promoters and The Banks as bagholders and when they can’t sell it is passed on to society at large. The wolf’s lair is in big DO DO, and so are we. DT
The owners of the Fed are never bagholders. They buy up the world using everyone’s money but their own. If they leave most people too poor to buy those assets back, so what? Total control = infinite wealth.
Mathew, The Fed right now are the biggest Bagholders around and they have only got assets valued in monopoly money and when all is said and done The Fed will be replaced by a monetary system backed by precious metals. Sound money and not fiat currency will prevail because it is the only thing that has worked since the beginning of time. DT
Notice that I said the OWNERS of the Fed are never bagholders. I don’t disagree that the Fed is now a bagholder, but central banks reflect the position of the people, not the position of the owners of the central bank. The sale of UK gold (“Brown’s bottom”), for instance, did not reflect the stupidity or incompetence of Brown or his masters as so many believe. The people foot the bill for everything the central bank does. When they sell gold low only to buy it high, later, the people lose twice. When they buy Treasury paper (at a major high), they do so with money created out of thin air (which means: value taken from the people). Big bond holders have been handed a risk-free return for a very long time. Such an arrangement was probably necessary to keep trading partners supporting the U.S. bond market for the last several decades instead of holding gold reserves. Can you imagine where bonds would be trading without the Fed’s (the people’s) support?
In our lifetime, Machine Gun?
I guess the boys (and sometimes girls) on Howe Street taught them something!
Cory was mentioning the “average’ american cant afford to buy “overpriced” stocks.
Personaly,I dont think “average” people are in the market at all, other than maybe their pension plans from employers.
I see caterpilar staying stable as a good thing, means some people are going to be working, apple going down seems logical too, eventualy, anyone that wants a cell phone will own one, = fewer sales. The advancments have got to be finite as well, myself for example, only would use one that can make a phone call for example, I really dont need a “holodeck” experience from my phone.
Maybe investers would be wiser to get involved with bio tech and/or majiuana now over apple, TVs got cheaper over time why wouldnt cell phones?
Just my thinking. Much easier just to own gold. lol
I think that in the long run your thinking will be absolutely correct!
I just sold dollars for loonies a few minutes ago. What a bargain.
I have a currency account with my bank and placed most of my liquid funds in CDN $ yesterday.
$CDN IS WAY OVER SOLD.
I do not understand why for last few days Savage and Ackerman are not talking about technicals on PMs gold like they were week and few weeks back. JUST FYI guys no one cares about conventional stock market from individual investors, just like you guys said so why have multiple segments with all talking about it. Other then that Al i find your show very informative and love that its on everyday.
Thank you SEB.
We just changed it around temporarily for a bit.
Tomorrow, back to technicals!
I for one enjoyed the change up and think it is hard not look at all the markets (conventional, futures, commodities & energy, currencies, bond market, political issues). Fundamentals are important along with Technicals that reflect what his happening Sentiment-wise, but loops back around to Sentiment coming from Fundamentals. Technicals show patterns, but there are many inflection points withing Technical analysis where it “can break either direction out of a wedge” or “flag pendant” or once the “head and shoulders” is completed. This is where fundamentals and Sentiment set the tone and breakout direction (aka the new trend) for the next Technical pattern.
Amen. We haven’t had freely traded markets since they banned short selling in financials.