part 2

2. the gaps are severe if they stay as we are right now even below daily Bollinger it is even more of severe selling pressure buöt at some point today with the FED a bounce may be started we have to see how that unfolds but I guess we have some serious sellers plus liquidation as a broad range of assets are dropped. Bernanke is in ultimate trouble now as he fails even on the last game now officially ( his ponzi stock campaign).

The super Full Moon on the 17th is opposite Uranus which indicates big trouble volatility and probably more earthquakes.

Marc Faber On The Japanese Disaster, On A 20% Market Correction And On QE18

Submitted by Tyler Durden on 03/15/2011 09:26 -0400

Marc Faber appeared earlier on CNBC in response to a plunging market, and gave his latest updated outlook on QE3… and 4, 5, 6, 7 and 8 (not to mention 18). “We may drop 10 to 15 percent. Then QE 2 will come, (then) QE 4, QE 5, QE 6, QE 7—whatever you want. The money printer will continue to print, that I’m sure. Actually I made a mistake. I meant to say QE 18.” Faber was modestly constructive on the Japanese selloff, which at one point hit 18% down in overnight futures trading: “This huge selloff is an investment opportunity in Japanese equities, but if a meltdown occurs then all bets are off.” As usual, there is no love loss between Faber and the Chairsatan (recall that today’s Empire Manufacturing survey confirmed margins continue to be crushed due to surging input costs): “I think Mr. Bernanke doesn’t know much about the global economy but he probably watches the S&P every day.” And on Fed criticism: “”Until very recently the Feds have had very few critiques, very few people criticized the Fed’s policies under Mr. Greenspan and Mr. Bernanke. Over the last few months, a lot of critical comments have come up about the Fed and its money-printing habit. The S&P drops 20 percent (and) all the critics will be silent and they will all applaud new money-printing.” No fear of that here: Zero Hedge has been rather vocal in our opinion of the world’s most destructive central planning buro from day one. We will continue being so, regardless how low the S&P plummets… Perhaps even to its fair value south of 500.

 

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~ by behindthematrix on March 15, 2011.

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