markets - downturn coming?

This bloke seems to think so - interesting read. Certainly these huge increases in money supply are a concern

fwiw

The Federal Reserve has announced that they expect a stock market crash any day now. You missed that, you say? Didn't hear that report on any of the usual media outlets? Think news that huge should have been the headline on every newspaper this week? Well, it wasn't reported. So I'm reporting it here.

Oh, they didn't "speak" the words, no sage quote from a Fed governor or the venerable Chairman, but their actions did the talking. If you go to the Fed's website, you'll see that they reported M-3 is up an astounding $104.8 billion in just the past two weeks! That computes to 30% annualized growth in the money supply! That's not a typo. Thirty percent per year, a $2.72 trillion increase to our current 9.1 trillion M-3 supply. The Fed was chartered to "maintain a stable currency." Yet here we have them inflating the value of our currency by 30 percent. Why? Have they gone loony? What is going on? The answer can only be one thing: The Federal Reserve has come to the conclusion that equities are at a grave threat to deflate at crash proportions - and soon. The Fed is convinced that deflation in assets is so probable, that it is worth the risk to manufacture money at a thirty percent annualized clip. Hyperinflation by the US Central Bank, right before our very eyes. What's next, Dubya declaring martial law? Did you ever think you'd see this?


http://www.technicalindicatorindex.com/members/newsletter/pdf/TII_Newsletter_50$.pdf