By Bob Rinear, The International Forecaster:
We have a pretty extensive history of making statements that sound sort of off the wall. Well of course they do, because they usually aren’t statements that the main stream media is allowed to say. Now I try my best not to pound my chest and repeat ad-nauseam about any correct calls, simply because 1) it’s not my style and 2) we make some bad one’s too. If you’re going to crow about being right, you best fess up when you blow it.
But the news I saw Thursday put such a big smile on my face that I almost burst out in a chuckle. Why? Well for years I’ve been explaining to anyone that would listen that the Central banks are behind the stock market rise. Depending on the person hearing that, the response that I get from it might be as agreeable as “Yeah I thought so” to “Are you nuts?” In fact, just recently I was told in an email from a quite “powerful” analysts that he’s tired of me blaming everything from the Gold attack a couple weeks ago, to the market’s rise on the Central Banks. Basically his theme was that CB’s are there to do their best at managing underlying economies, not and I quote “distorting markets with your conspiracy explanations of their maneuvers”.
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