As the market came to a close today, one thing was clear:
Decades of central banking malfeasance, government corruption, and immoral behavior is about to come due.
Edward Dowd, a former BlackRock executive said it best today:
Former Executive of BlackRock Edward Dowd:
— Based UK 🇬🇧 (@Based__UK) February 3, 2022
“Under the cover of Covid they were able to print 65% more money to keep this thing afloat, but we’re at the end days here.” pic.twitter.com/MPeEN2GO23
65%
On top of the $29.8 trillion the Fed gave to banks around the world to keep the system from imploding due to our derivative driven 2008 melt down. Dear God, it’s no wonder hyperinflation is now around the corner.
On to today’s market and some spicy outcomes for the major indices despite relatively low volume across the board:
As one can see, these are not good looking charts with the Dow being the best of one ugly group. It too will get taken out soon enough.
Meanwhile in major bankster land:
And if the big boys are getting smoked, there’s bigger problems rotting underneath. Such as how do banks perform any major deals or normal loan activity into an inflationary, then soon to be hyperinflationary environment. They do not teach that one at the University of Chicago, trust me.
The big culprits today?
Facebook and Amazon:
To be honest I haven’t seen a gap down that big since Kamala Harris visited Willie Brown under his desk in San Francisco. Meanwhile in the former kingdom of Bezos…
If the 15%+ rally projected for tomorrow rolls over and falls flat, it’s the ultimate omen for the markets, especially with $90+ oil hitting hard tonight.
Things are about to get a lot worse and the jobs numbers are going to be fraught with lies about “Omicron” causing all the problems. It is the supply chain, inflation, and government incompetence.
And as such, we are going to see a depression, riots, and wars around the world unseen in modern human history. Just remember, one more time what the former BlackRock executive said above:
“Under the cover of Covid they were able to print 65% more money to keep this thing afloat, but we’re at the end days here.”
The end days, indeed, are here.
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@john
I’ve followed you for… years… @ The Tree, GLP, ZH… but I have a question regarding the above.
We know the markets are rigged and we know they are highly manipulated. What most people didn’t expect back in 08/09 was for the gov to step in and save things at any cost (which is in part how we got here.)
While I agree with your charting and assessment, what the the likelihood of this playing out over the next 90 days (say the S&P dropping to 4000/3800)?
I ask as we know the gov doesn’t want fear – especially before mid-terms – would they allow it to drop?
Further, how do you see the markets reacting if a war starts in the EU?
If the US decides to sanction Russia, the reply will be an attack on our markets and the EU markets. While some people see a cyberattack as a low probability event, the real attack will occur on markets in coordination with Communist China. Odds are the S&P 500 will drop to 4000 by June 1st if not lower depending on if US forces decide to engage the Russians. The all bets are off and a total economic seizure might occur. As I predicted in another thread (The Economic Nightmare of 2022) it will tank regardless but could be accelerated by engagement militarily. I still project a low this year of around 1830ish, probably in the early autumn.
Thanks for the reply, John.
I fully expect cyber attacks. As a security individual, I’m seeing odd behavior coming out E. Europe over the last two months. Nothing malicious but areas have become active. I assume the sanctions would be against their energy and financial sectors?
As for US forces engaging – we are foolish enough to do it, unfortunately. This is literally the perfect storm for the end of US dominance… and this is why I expect the US to engage. They don’t want to let go of their power. Too bad, the fight is already lost.
I did read the EN of 2022 back in Jan, very scary. So many people say it won’t happen because it’s not “logical”. Big mistake for people to assume your enemy thinks the same as you do. I think your scenario is spot on – China gets in the game.
Time for puts and to buy the vix!