Ben Bernanke has created the mother of all bubbles. Today, the S&P 500 is sitting a full 30% above its 200-weekly moving average. We all know how bubbles end: BADLY, and this time will be no different. This is not doom and gloom, this is a fact. The Fed has created an even bigger bubble than the 2007 one!
So writes Graham Summers (http://gainspainscapital.com/) in edited excerpts from his latest free daily market commentary newsletter entitled An Epic Market Meltdown is Coming… Are You Prepared?
[The following article is presented by Lorimer Wilson, editor of www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]
Summers goes on to say in further edited excerpts:
The time to prepare for this is not once the collapse begins, but NOW, while stocks are still rallying. Stocks take their time moving up, but when they crash it happens VERY quickly.
[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]
*For a more extended version go to: http://gainspainscapital.com/2013/07/12/bernanks-bluff-and-the-coming-crash/ (Sign up to receive our daily market commentary. Send an email to: [email protected])
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