re: ["Is it really that the street is buying the story or merely buying the market knowing full well the game the Fed and Co are playing?"]
It's about one thing, and one thing only -- "OPM."
Fund managers, managing your money, are much more worried about underperforming their peers, than they are - worried about losing money (even lots of it, or all of it).
That's why the NASDAQ bubble roared to 5132, and collapsed to 1108. And that's why many financials and housing stocks are now also trading at pennies on the dollar.
Bubbles, and misallocation of funds, are created by two things:
Too much money, and other peoples money.
And concerning Goldman's call for an Oil spike.
Kind of an Arjun "Mary Meeker" Murti spring 2006, deja vu all over again moment there?
What happend back in the spring of 2006 when GS called for the last spike?
Fool me once -- shame on you. Fool me twice -- shame on me.
People have wondered aloud why oil kept climbing against supply builds, and a slowing global economy. Oil execs, and CEO's repeatedly said - there was no reason for this price climb. OPEC has said there is no demand for more oil.
Well wonder no more...
Exploding open interest levels, and this call from GS explains all.
Someone is already positioned.
Someone is selling a story.
Someone has now called out the herd.
(The herd has too much money, and plenty of OPM.)
And Someone also holds the string to the trap door.
The herd is about to experience an exercise in DNA.
Tick, Tock.
S.O.T.B.
PS:
What is the greatest threat facing America?
From the eye's of the NWO Economic & Intellectual Elists at the CFR -- who happen to have all three US Presidential candidates firmly in the bag?
(Sadly, America thinks there's actually an election going on...)
What is the greatest threat to their dominance?
Speaking geopolitically/militarially, and economically?
What is also the greatest, and richest economic prize in the history of the modern world - awaiting these same people?
These people with depleting resources, aging populations, failing economies, and fading power?
What is the one tool at their disposal that can guarantee both the elimination of that greatest threat, and also deliver that fat, rich plum, directly into their lap?
...connect the dots. |