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SPDR Dow Jones Industrial Average Message Board

  • prudent.investor prudent.investor Jul 16, 2013 3:30 PM Flag

    The market is overdue for another major correction!

    Recent market rally is plain silly in my opinion. Investors bought just simply because the Fed Chairman's flip flop statements in an attempt to stabilize the crashing market. But what are the facts? The facts are the interest rates are going up very fast, and the Fed is not in a hurry to QE to lower the rates anymore because the risk of hyperinflation has increased tremendously with the strong recovery of the housing market. Unprecedented large percentage of real estate buyers are buying with all cash now. This has never happen before. This is the result of the unprecedented money printing in the past years by all the governments around the world. If Fed does not turn off the spigot now, it may become too late and impossible to reverse. Watch what he does, not what he says. The Fed is letting the interest rates to go up now. The era of QE is over. The market is overdue for another major correction!

    Sentiment: Strong Sell

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