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Gregory Mannarino's  Instablog

Gregory Mannarino
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I started my financial career working for the securities and trading arm of the now defunct Bear Stearns before thedot-com bubble. I am an active trader of the capital markets. I have published several books pertaining to finance, global economics, and equity trading; My most recent book is... More
My company:
TradersChoice.net
My blog:
MarketReport
My book:
Money Matters.
  • There Is Something Very Wrong With This Picture.

    As we know, today's rally in the US stock market was sparked and is being fueled by a surprise massive increase in the Bank of Japan's quantitative easing into infinity policy.

    Bank of Japan Governor. Kuroda.

    With the recent announcement by the US central bank "officially" ending it's QE program, one has to wonder if these central banks are colluding to keep the stock market moving higher, but the real question lurking beneath it all is why?

    Why are the worlds central banks so afraid to allow the markets to establish fair value? Why the constant intervention?

    Oct 31 1:56 PM | Link | 9 Comments
  • New BOJ Stimulus Trumps Bad US Economic Data But..

    Earlier today I posted this on my Facebook page:

    "Today despite finding out more bad economic news in the US as consumer spending fell 0.2% and economists had expected a 0.1% increase, stocks are higher on the news that the Bank of Japan begins yet another stimulus plan. Need any more proof that central banks are running the show?"

    However with this, it would be hard for one to argue that the US stock market is NOT technically and grossly way over-owned. However that dos not mean that stocks cannot continue higher, but a great fall is also possible.

    Have a look at the chart below.

    (click to enlarge)

    This gleeful V shaped recovery initially sparked in large part by not one, not two, but THREE Fed. Presidents, has the possibility of reversing hard.

    It is interesting though that we would see such a stellar "recovery" off the recent bottom as well as falling gas prices just prior to the midterm elections.

    Coincidence? Maybe.

    What's your thoughts?

    Oct 31 11:56 AM | Link | 14 Comments
  • Stocks Going Higher? Maybe, But Have A Look At This.

    First let me be clear. I do not care in which direction stocks move, I am neither a Bull nor a Bear. I am simply trying to stay ahead of where the market may move attempting to capitalize on it.

    The chart below is a two year snapshot of the Dow Jones Industrial Average. Notice anything?

    (click to enlarge)

    Yes, it seems to be losing some of it's upward momentum, kind of sloping or rolling over.

    My question is this: since this has been the trend for the last 24 months, why would it change?

    Tags: stock market
    Oct 30 9:14 PM | Link | 16 Comments
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