You are either on to something or way off base when Jim Cramer starts to echo the things Top Equity News has been talking about for weeks. The obnoxious – in an entertaining way – market commentator told his viewers they should be careful as the stock market has become a “giant rumor mill.”
Of course, all of the rumors are that central bankers, whether it is Ben Bernanke or the European Central Bank, are going to save the world. Maybe the bankers’ new uniform should include red capes and a big $ on their chests? Seems appropriate, no?
With interest rates negative when you take inflation into account, the only thing the banks can do is print, print, print. While Bernanke might testify to congress and Ron Paul that he won’t monetize the debt, 51 cards have been played, and inflation is number 52.
In this case, rumors are probably some form of premature news. On Monday, the president of the Chicago Federal Reserve, Charles Evans, said the Fed would keep interest rates at zero until unemployment is 7% or inflation is at 3%.
TEN’s taking bets on what comes first and the house takes 3%. (I think we win before starting). In the same speech, Mr. Evans said he’s all for anything to fire up the economy, twist this, QE that, buy your mortgage, whatever, let’s just print, print, print.
It looks as the world economy will continue to provide the underwhelming news the banking cartels will need to execute their plans. This morning’s Retail Sales report is a good example. The headline number came in on target at a contraction of 0.2 for May; however, the non-auto and gas component was forecasted to be a respectable gain of 0.4%.
The word was a strong Mother’s Day (yes we love you mom) and pent up demand would provide a spike before consumers tightened up heading into the back-to-school season. A funny thing happened on the way after showing gratitude for mommy; the non-auto result came in at minus 0.1%, a huge miss that was outside of all projections.
Each passing, make that failing economic grade, like today’s Retail Sales report, will fire up the chatter boxes on QE something-or-another. Top Equity believes the bankers will come through and turn rumor into reality and make your dollar (or euros) even more worthless.
When it’s “official”, investors would be smart to hop on the gold wagon and be prepared to pay higher prices at the pump and grocery store.
Stock Market Trends: Superman is on His Way to Save the Day is an article from: 
