John Ward – Up, Up, Up And…..Awaaaaay – 24 May 2014

It’s 2.43 pm in New York, and everything is just fineScreenHunter_79 May. 23 20.39

Another day, another dollar…and another set of reasons why stock market investors will lose a lot of dollars unless they take note of the increasingly obvious:

Jim Rickards: “It Could Be A Failure To Deliver Physical Gold,” “Physical Gold Is Disappearing, There’s A Mountain of Paper Gold. . . . So A Failure to Deliver Could Cause Panic Buying of Gold.”

“Once again, we entered the year thinking there’d be a growth acceleration, and . . . people are realizing the economy is not ready to break out,” Dan Greenhaus, chief market strategist at New York brokerage firm BTIG, told The Wall Street Journal.

“I don’t regard this as a very healthy market,” Marc Faber told CNBC. “The U.S. market is in a very dicey position where it could easily drop 10, 20 percent.”

‘We are on the verge of another recession. So says Shadow Stats economist John Williams, who warns that by the end of July it will become apparent to all Americans. That’s when the government will release its latest GDP economic figures and according to Williams those numbers, combined with revisions for the first quarter of 2014, will show negative economic growth for a second quarter in a row.’
George Soros has sold all his shares in banking firms. IPOs pretty well everywhere are looking sick. By any normal, reasonable judgement criteria, the Saga float has been a failure.
Face it, people: even with the hype, there is no appetite for even the slightest risk…without further fiat money-printing, aka ‘QE’.
My sense is that Bernanke got out at exactly the right time What Janet Did Next is going to make for one helluva book when this is all over.
All these and other interesting pieces can be found at

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