I laugh when I hear that the US banks are flushed with money. So what happened to all those toxic assets? Either they still exist or it was a scam of the greatest magnitude ever. Meanwhile the US government debt is continuing to explode. Soon they won't be able to pay just the interest payments. Either way the markets will be dumped hard one day. Meanwhile I can see the possibility and now even a probability of a huge blow off rally to surprise us all, although I won;t be that much surprised as I knew all along all that money being "pumped" into the system had to go somewhere. One obvious when a lot of could go is the stock market. If this is what's happening then I can see a major crash dead ahead in the years or perhaps even months ahead, deepening how fast this goes. It has also crossed my mind the Armstrong 2011 turning point could be a high fooling most of us. Only time will tell of course. Meanwhile I'll just "play the game" as I see it from one minute to the next.
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I laugh when I hear that the US banks are flushed with money. So...
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