El Panorama Reciente de La Crisis y El FED

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Bernanke's " twist" falls flat! Dow plummets! What to do ...

From: Money and Markets ([email protected])Sent: Fri 9/23/11 12:21 PMTo: [email protected]

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Friday, September 23, 2011

YOUR BEST SOURCE FOR THE UNBIASED MARKET COMMENTARY YOU WON'T GET FROM WALL STREET

Bernanke's "twist" falls flat! Dow plummets!What to do ...

by Mike LarsonFriday, September 23, 2011 at 7:30am

Folks, I've been warning you repeatedly for the lastseveral months to get defensive. I've urged you tosell most of your stocks, dump risky bonds, eliminateyour real estate exposure, and even take offensiveaction, adding inverse ETFs that rise in value whenstocks fall.

My reasons?

Europe is imploding NOW !W hat to do ...

The European economy i s falling apart! A keymanufacturing index that measures Europeanmanufacturing and services activity sank to 49.2, theworst reading in more than two years.

Here in the U.S., home construction just fell 5.3%.Demand for home purchase loans just fell to the lowestsince February, despite record-low interest rates.

Regional manufacturing indices are falling to the lowestlevels in years, while consumer confidence recently hi tthe lowest level since the Carter administration!

We've just posted a presentation on how you canharness this situation to grab huge profit potential! Clickhere to w atch now .

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The economy is bad and getting worse .

The European sovereign debt crisis is bad and getting worse .The credit markets are bad and getting worse .

And both fiscal and monetary policymakers are out of bullets !They're unwilling or simply unable to beg, borrow, print, andspend hundreds of billions of funny money to prop up the marketsartificially anymore!

Many Wall Street pundits took a different view in advance of thisweek's Federal Reserve policy meeting. They figured FedChairman Ben Bernanke would pull some new "magic pony unicorn"

out of his hat to save their bacon. But just as I predicted, all he didwas serve up a "nothing sandwich." And just as I predicted, themarkets are falling apart!

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Believe it or not, THIS is thecalm before the storm!What would happen right now if ourfederal government was no longerable to find more willing lenders, nolonger able to borrow money?[More ]

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A Gold Explorer from TorontoSean Brodrick spoke with RalphFitch president, CEO, chairmanand director of High Desert Gold.

High Desert Gold is so small ...[More ]

Lloyd's of London abandonsEuropean banks!Without warning, Lloyd's theworld's oldest insurance market announced on Wednesday that ithas withdrawn its money fromEuropean banks. The reason?[More ]

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bank?Not if it's financially strong!Check ...[More ]

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An historic, world-changing eventis about to perman ently alter your life!

This monumental event will plunge vast numbers of families into the nightmare of poverty, homelessness andhunger. In the worst case scenario, you will see soaring

crime, the confiscation of property, the suspension of civil rights, and even martial law enforcement by theU.S. military ...

But while the vast majority of Americans will suffer, aselect handful will use this crisis to build sub stantialweal th . If you act on the easy-to-followrecommendations I'll give you in this presentation, youcould be one of them.


The Dow Jones Industrial Average plunged 284 points onWednesday in a couple short hours. Then we plunged another 391points on Thursday.

Could this be the start of the march to Dow 7,000 that I've beenforecasting? Darn right it could be ... so I urge you not to wait anylonger. You simply must take protective steps before it's too late!

Why "Operation Twist II"Is a Big Nothing Sandwich

So what exactly did the Fed do and NOT do at its two-day

policy meeting this week?

==> First, the Fed admitted the economy stinks! Thepost-meeting statement warned of "continuing weakness in overalllabor market conditions" ... called the housing market "depressed"... and said there were "significant downside risks to the economicoutlook." Couldn't have said it better myself!

==> Second, the Fed said it would "do the twist" sell $400billion of short-term Treasuries with maturities of three years or lessand buy an equivalent amount of longer-term Treasuries thatmature from between six years and 30 years. The "OperationTwist" reference is to a similar program the Fed implemented backin the 1960s.

==> Third, the Fed said it will continue to reinvest the proceeds of mortgage and Treasury securities that it already holds , and reiterated its pledge to keep rates low through 2013.


So why do I call these moves a bunch of "nothing sandwiches?"Well, short-term interest rates are already near zero percent, and

Europe's Safe Havens AreHistoryLike I told you last month,European unity was always anillusion. Now the crisis is entering anew and more ominous phase.What about ...[More ]


UNCOMMON WISDOM

A Gold Explorer from Torontoby Sean Brodrick

Last week, Iwent to theTorontoResourceInvestmentConference,sponsored by

Cambridge House International.It's a gathering of . ..[ More ]


MoneyandMarkets.comUncommonWisdomDaily.comWeissRatings.comWeissWatchdog.comWeissResearchIssues.comHave comments? Tell Us!


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The Fed's latest move won't do diddly squatfor the ailing housing sector.

long-term rates are the lowest they've ever been for key things likemortgages. Yet practically no one is building or buying homes! Sowhy would even lower interest rates, maybe on the order of aquarter of a percentage point, make a difference? Answer: Theywon't!

Then there's the whole idea offlattening the yield curve driving long-term rates downwhile keeping short-term ratessteady. That's the kiss of deathfor the banking sector, whichrelies on a STEEP yield curveto make money! No wonderthree Fed policymakersdissented again over thisludicrous policy path.

And most importantly, the Fed is not printing fresh cash like it did

with QE1 and QE2. It's keeping the balance sheet steady. Thatmeans all those people buying tech stocks with 100 and 200 price-to-earnings ratios using the 2010 "more liquidity lifts all boats"playbook should get crushed!

Bottom line: The Fed is out of bullets, plain and simple!

What to Do if YouHaven't Acted Yet

I trust that you've already taken my warnings to heart, and takensteps to protect your holdings against a renewed leg down in the

markets. If not, I recommend you start doing so as soon aspossible.

Sell your economically sensitive stocks, including transportation,retail, and materials shares . Sell any remaining banks, brokers, andbuilders, as well as riskier junk bonds and REITs. And get rid of anyexposure you have to the European markets stocks orcurrencies.

Then consider going on the offensive with inverse ETFs that targetvulnerable asset classes and market sectors. My specificrecommendations are contained in the Safe Money Report , and

you can get all of them at a cost of just 13 cents per day. Click herefor more details .

Until next time,

Mike

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El Panorama Reciente de La Crisis y El FED