Reading MarketWatch makes my head spin sometimes (that’s part of the fun of it I guess).
Paul B Farrell (May 9, 2014):
10 peaking megabubbles signal impending stock crash (Fed driven rally is about to end badly)
Paul B Farrell (July 3, 2014):
Ha ha ha…
Meanwhile, here’s a headline for ya (clicking the graphic will yield the full report) from the BLS…
Hey, if a bearish biased guy (with tools to keep himself straight with the market 😉 ) could have seen this 1.5 years ago why do so many continue to be surprised? A simple progression went Front-end Semiconductor Equipment industry ramp → Semiconductor manufacturer ramp → strong manufacturing → buoyant Jobs data (despite the kicking and screaming of those unwilling to accept it) → ???
Now, how does this end? Well, I am a bear on the macro big picture. But insofar as the Fed has sat you down in front of your TV set and assumed control, as of 9:01 AM US Eastern on July 3 it is working.
There is nothing wrong with your television set. Do not attempt to adjust the picture. We are controlling transmission. If we wish to make it louder, we will bring up the volume. If we wish to make it softer, we will tune it to a whisper. We will control the horizontal. We will control the vertical. We can roll the image, make it flutter. We can change the focus to a soft blur or sharpen it to crystal clarity. For the next hour [indefinite period], sit quietly and we will control all that you see and hear. We repeat: there is nothing wrong with your television set. You are about to participate in a great adventure. You are about to experience the awe and mystery which reaches from the inner mind to – The Outer Limits.
