WEB Notes: Before I provide our opinion, I want you to hear from the experts.
“The market got phony again. It’s a shame. It can’t handle the volume and it can’t handle this level of selling. It’s OK. It happens periodically and it freaks people out at home. We can spin any tale we want, but what I am saying is that the market doesn’t work at certain points.” said Jim Cramer of Mad Money (CNBC).
“I’m not worried about this move. This is all a Fed move,” said Joe LaVorgna, chief economist for the Americas as Natixis. “If you don’t think there’s inflation and you don’t think the Fed’s going to be as aggressive as the hawks would have you think, this equity sell-off should be bought.”
“Maybe the Fed would be happy to see a bear market that could be blamed on Trump,” said Peter Schiff, CEO of Euro Pacific Capital.
If you read the articles linked you will see a big push to blame the investors as well as what was just outlined. As if all of you red-blooded Americans decided to sell off your stocks for some unknown reason and bring the market down. Now you folks could not have done that. You were busy at work trying to make a buck for dinner and the rainy days ahead.
So who tanked the market?
Algorithms they say. We should understand the stock market and just about everything digital these days is run by algorithms. Computer programs folks. Cramer said it himself, “The market got phony again” and “the market just brokeagain“.
People’s life savings are invested in stocks and mutual funds so they can retire one day and you want to tell me the market just broke! The market got phony?
Are you people all insane?
We are talking about trillions of dollars here. Your money.
Do you buy for an instant the market just accidentally broke?
So “nothing happened“, they say.
I like that, we are going to call it “nothing happened” broke the stock market and “nothing happened” is why $1 trillion real dollars vanished from the stock market in the last few days. No, there was no “black swan event“.
Who believes that?
Did the money really vanish?…
Of course not. The money simply traded hands. You do realize in the last year the stock market has gone up 40% based on… “Nothing happened“. That is right, “nothing happened” caused the stock market to go up 40% and “nothing happened” caused the stock market to crash on Friday by -666 and Monday by -1,175.
Now students of God’s Word should know who the Money Masters are. Our Lord and Savior called them the Money Changers and He laid a whip to their backs and booted them out of His temple. They are the ones running the game and they are the ones who have your $1 trillion. It is ashame most people do not know who they are.
Let this be a good lesson to you. When they want to crash the market they can and they will. It can come at literally any moment as we have witnessed in the last few days and without any reason whatsoever.
Be wiser than the serpent my friends.
The first thing to know about the stock market’s eye-watering slide Monday is that it wasn’t caused by anything fundamental.
There was no particular piece of news that drove the major averages to capsize, in a move that sent the Dow industrials off more than 1,500 points — a new intraday record — briefly in the final hour of trading.
Instead, the market took on a mind of its own, where sentiment and likely some computer-programmed trading sent Wall Street into a bizarre tizzy. Fear brewed over a number of issues, with the biggest being trepidation about rising interest rates even though government bond yields actually were lower on the day.