Volatile quarter takes global shares down, gold plunges

The shares are high because the Fed officials are trying to miminimise Bernanke comments. But the fact of the matter is, US economy is in sound shape so the policy will effectively take a u-turn. Its inevitable. The Fed will taper probably end of this quarter. The stock markets will have to re-align, make adjustments accordingly. There will be some pain , but will have a long term gain.

The Feds money printing is adding over 6.5% to GDP.
Growth is less than 2%.
Net result is the US economy is contracting at 4.5%.

The US is in a massive depression, but they are hiding it in plain site.

How about feeding our American children? $100 million dollars squandered on a family vacation could have fed a lot of children in Africa. This man is a fool

This is yet another clear signal to the market, that the Fed is considering QE tapering as early as September. This means there will be volatility and there could be corrections , as the unwinding of QE works through its way. But, this unwind will be a uncharted territory. Therefore, increased volatilities and downside risks remain.

SO, What is it? 2 stories a min, apart?????????????????

By Ryan Vlastelica
Wall St. slips in volatile session on quarter’s last day

NEW YORK | Fri Jun 28, 2013 1:23pm EDT

NEW YORK (Reuters) – Stocks edged mostly lower in a volatile session on Friday, with investors finding little reason to push shares higher after a three-day rally.

By Rodrigo Campos

NEW YORK | Fri Jun 28, 2013 1:24pm EDT

NEW YORK (Reuters) – World equity markets rose for a fourth day on Friday
Global shares rise as Fed fear ebbs; gold’s glimmer dims

SO, What is it? 2 stories a min, apart?????????????????

By Ryan Vlastelica
Wall St. slips in volatile session on quarter’s last day

NEW YORK | Fri Jun 28, 2013 1:23pm EDT

NEW YORK (Reuters) – Stocks edged mostly lower in a volatile session on Friday, with investors finding little reason to push shares higher after a three-day rally.

By Rodrigo Campos

NEW YORK | Fri Jun 28, 2013 1:24pm EDT

NEW YORK (Reuters) – World equity markets rose for a fourth day on Friday
Global shares rise as Fed fear ebbs; gold’s glimmer dims

The market was over-valued at 10,000 and it seemed like a gift from the financial gods when it started creeping back to 10,000 after the 2008 collapse. On October 15, 2008 the DJIA was 8,577.91.

When the DJIA drops below 8,500 which is probably where it should be today, I will start paying attention. The DJIA was grossly overvalued in 2008 when it reached 10,365.45 on September 29, 2008. It dropped into more realistic territory two weeks later.

Let’s say the DJIA has passed 30,000 at this time — over 20,000 points representing hot air from the back sides of Wall Street “experts” — then dropped back to 15,000. That is a 50% drop! Everyone would be screaming it’s the end of the world purely because of the percentage. You can inflate stocks, houses, anything you like, into the stratosphere and create a new status quo. Look at housing, who can afford the average house based on stagnating wages? Yet the current average is the new normal, even though those during the late 1990′s boom would have balked at a crystal ball that predicted these “average” prices.

gogoqueen66, considering that $100 million is likely a conservative “bean counter number” and the real costs could spiral into the billions for that vacation, how about bringing the poor African nations out of poverty — and take Michelle and the family to Hawaii instead? Millions don’t starve and surely Hawaii must be a more comfy vacation destination. Win/win.

The Fed has been injecting a meth/crack cocktail into the economy, called QE. Now let’s see what “withdrawal” looks like; that is, if it’s not too late.

If the market did a realistic adjustment it would fall about 65%. then you might see some action from the feds,the banks,and the government. they are basically tied at the hips as much as crooked organizations can get.All the spy networks of late where the government tells the public that they(the government) are fighting terrorism is phoney argument. No they are really watching how we are reacting as they destroy the financial markets and the global economy while the Supreme court is destroying the hope of the American system by passing non sense rulings. Good work Washington D.C. I hope all of your heads are on sticks in front of all the city halls across the USA. Put there as a warning to future crooks that steal and scheme for the destruction of the United States of America!

Wall Street thanks all of you gold bugs for taking the 10 minute bath.