I stay away from the markets for five hours, and what do I find? The new policy from the Federal Reserve is ZIRP-4-EVER. If they keep pushing the date they will raise rates 2 years ahead each time they have to speak on the economy, this means one of two things :
- They are lying
- Hyperinflation
I suspect both. Nevermind that though, my portfolio is happy as this is just what its suited for. Some charts for you to ponder :
This is not the currency debasement you are looking for
I can also proudly announce that I did NOT short the now levitating fruit vendor, because I decided to wait after they reported. Good call, the shorting of apples will have to wait untils this renewed stock-boom is over.
Also, remember 4 days ago when I left a cryptic message telling you to follow a link and wait for another post? Well, check that link again. I suspected it at the time, but now think we have confirmation : A textbook pump-n-dump operation. I have learned to spot these, the pattern is pretty darn similar. If you see a HUUUGE ”Doji” candlestick (explanation) on giant volume after many days of violent upwards action, this means that someone took the opportunity to dump a giant amount of shares into the willing hands of the last idiots. For every transaction there is a buyer and a seller. When that many shares trade hands, and the price goes first UP UP UP and then DOWN DOWN DOWN during the same day, it means whoever wanted to benefit from the pump-n-dump has likely done the dumping. Theoretically this could have been an uninitiated speculative frenzy. T-h-e-o-r-e-t-i-c-a-l-l-y, meaning highly unlikely.
