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PowerShares QQQ Trust, Series 1 Message Board

  • prudent.investor prudent.investor Jul 17, 2013 2:11 AM Flag

    The market is due for a major correction!

    The most recent market rally is very silly. Investors bought just because the Fed flip flop statements in attempts 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 doing QE to lower the rates anymore because the risk of hyperinflation has increased tremendously with the recovery of the housing market. Unprecedented large percentage of real estate buyers are buying with all cash now. This has never happened before. This is the result of the unprecedented money printing in the past years by all the major 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 rise now. The era of QE is over. The market is overdue for a major correction!

    Sentiment: Strong Sell

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95.27+0.61(+0.64%)Jul 11 4:00 PMEDT

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