The DOW- High or Bye?

Posted: March 6, 2013 in Business/Economy, Current Events, News
Description: Newspaper clipping USA, Woodrow W...

Description: Newspaper clipping USA, Woodrow Wilson signs creation of the Federal Reserve. Source: Date: 24 December 1913 (Photo credit: Wikipedia)

With infinite Quantitative Easement keeping our interest rates artificially low, and the recent overblown hyperbole about sequestration keeping our blood pressure up (the only cuts were in the rate of increase of FUTURE spending), one could wonder why the stock market hit an all time high yesterday.  Let me give you a hint, it has to do with more government meddling in the free market, namely the Federal Reserve pumping cash into the system at a break neck speed.  This news came on the heels of reports of Fortune 500 CEO’s dumping their American Stocks….such as Warren Buffet, Jim Balsillie (Blackberry), John Paulson, and George Soros.  The best explanation I have read so far is from Roy Harris and is here.  http://rbcbankcollapse.blogspot.com/2013/03/billionaires-dumping-stocks-economist.html. Whatever is occurring behind the scenes right now, Jim Cramer from CNBC said it best “we all know it’s going to end badly, but in the meantime we can make some money”

From USA Today: http://www.usatoday.com/story/opinion/2013/03/04/federal-reserve–quantitative-easing/1963539/

From Neowin.net: http://www.neowin.net/news/former-blackberry-ceo-dumps-entire-stake-in-company

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