General Stock Ideas

[bigworld]

gfp: One of the two primary drivers of the markets is on hold right now. Companies cannot buy back their shares so close to earnings season. Corporate Execs buy back without regard to price, and will even borrow money to do buy backs. So they are on the sidelines right now. The only other driver is all the Central Bank false liquidity sloshing around in the markets. Even though they say they have stopped printing, they printed enough over the past 10 years to influence markets for years to come. This market is 30% higher than it ever should have gone up, but that is the effect of money printing by not just the Fed, but all the Central Banks around the world. It is so difficult to be an informed investor these days, because so far all the past has taught us has been rendered obsolete. You can't trust Corporate balance sheets due to the Pro Forma accounting that is allowed. Companies do massive buy backs to enrich corporate insiders. Government financial statistics are massaged and falsified to promote the agenda de jure. My gut says that one of these days the bottom is going to fall out. The $Million Dollar question is when.