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The Big Short: No Need to Panic This is Just a Correction

NEW YORK - USA - The markets keep falling, will it ever end? Is this just the beginning? Maybe I should hold on, or how about buy more stocks?

As the resident market expert at the Daily Squib, I am used to people asking me questions.

“Hey, Bill, when’s the market going to stop falling?”

“What’s looking good right now to buy?”

“Is my pension safe, the market just dropped by 34%?”

“The markets are regulated right, you know after what happened to Bear Stearns and Lehman?”

I only have one answer for these people, and that’s never listen to the news, because once you hear it there it’s already history.

Do your own research is my best answer, because if you don’t have the data, the numbers, the staff to do all the number crunching and sift through the data, forget about it.

By the time the big banks and regulators know what’s going on, the event already happened.

You see folks, after the 2008 bailouts, the taxpayer ate it, and the bankers got a pay off from your hard earned cash, they just went back to doing what they were doing before the crash. That’s why this is happening again right now, and it’s only going to get worse.

1929-2016 DJIA

To understand the markets, you have to understand how avalanches work, first you need some noise, or a little too much snow on the mountain, then the top rolls down, accumulating speed and momentum, maybe it stops a little here or there, there may be a big rock somewhere, but that snow keeps coming, and coming until gravity and momentum do their job and the snow sees the bottom of the mountain. The bigger the mountain, the bigger the avalanche.

Short

Now the shorters in the market, the big boys were waiting for awhile for this to happen, the pumping of false cash into the market made it rise, but they knew that there was no substance to this rise. When the jobs data is falsified, when the derivatives keep getting piled on and on, when the unfunded Federal debt liabilities are at $130 Trillion and the Obama deficit is at $22 Trillion, there is no way this can be resolved mathematically, or physically.

QE4 I hear you shout! Is that the answer? Not really folks because QE4 means Armageddon is postponed for maybe a few months, but even QE4 won’t do much, especially with interest rates near zero still and no room to manoeuvre.

Hey I know, let’s invade Iran. Close…war could be the answer to all of our problems but this time, it would not be against some defenceless paper tiger like Iraq, but Russia, China and Iran. Big problem there.

Anyway, how long is a piece of string? You can have all the quants you want trying to work things out, the question is, where does it end, and can you stop it?

No. Not this time. No lessons were learned the last time, so why should now be any different?

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16 COMMENTS

  1. Meh, sorry, but this Progressive always found MLH a pedantic, finger-wagging scold who saw racism behind every slight and who constantly lectured her aud to

  2. Meh, sorry, but this Progressive always found MLH a pedantic, finger-wagging scold who saw racism behind every slight and who constantly lectu

  3. Meh, sorry, but this Progressive always found MLr-wagging scold who saw racism behind every slight and who constantly lectured her audience to

  4. Meh, sorry, but this Progressive always found MLH a pedantic, finger-wagging scold who saw racism behind every slight and who constantly lectured he

  5. Meh, sorry, but this Progressive always found ging scold who saw racism behind every slight and who constantly lectured her audience to

  6. Meh, sorry, but this Progressive always found MLH a pedantic, finger-wagging scold who saw racism behind every slight and who constantly lectured her audience to

  7. Meh, sorry, but this Progressive always found MLH a pedantic, finger-wagging scold who saw racism behind every slight and

  8. Meh, sorry, but this Progressive always found MLH a pedantic, finger-wagging scold who saw racism behind every sligr gig big enough to house your massive ego, Ms Harris-Perry.

  9. Meh, sorry, but this Progressive always found MLH a pedantic, finger-wagging scold who saw racism behind every slig behaving as if she’s the first tv personality in history to lose her show- and all MSNBC actually did was pre-empt her tongue-clucking for election coverage. Good luck finding another gig big enough to house your massive ego, Ms Harris-Perry.

  10. Meh, sorry, but this Progressive always found MLH a pedantic, finger-wagging scold who saw racism behind every slight and who constantly lectured her audience to take seriously what she wanted to take seriously and dismiss what she wanted to dismiss. Today she is behaving as if she’s the first tv personality in history to lose her show- and all MSNBC actually did was pre-empt her tongue-clucking for election coverage. Good luck finding another gig big enough to house your massive ego, Ms Harris-Perry.

  11. Just posted on the Tory-graph.

    I think the panic is really setting in now. The every day people are finally waking up to what is really going on. I sincerely hope most are prepared but just in case, remember plenty of bottled water and food for at least six months.

    • All pensions are geared to the market. Somebody has to pay for the debt. This rout is the QE talking because it didn’t mean sht. You forgot to mention a gun get one because you’ll need it.

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