Hear Ye, Hear Ye: The Market Correction Has Begun
by AL MARTIN (AL MARTIN RAW.COM)
(5-19-14) The markets are getting hammered after the S&P failed to establish a close above 1900 -- even as we had put out a shorting recommendation at 1896 on our sister site Insider Intelligence.
An article we had written called "Go Short Young Man" was prescient of what's going on in markets worldwide. Now we are seeing some of the reticence coming out of the financial media shills who are finally being forced to say that there is a record level of overvaluation in global equities and that the action in the US Treasury Bonds has been telling you that for the last 6 weeks, which is something that all the shills have attempted to pooh-pooh.
Those who have listened to the shills on CNBC and Bloomberg and have consistently shorted the US Treasury Bonds, which is what the shills were recommending have had their proverbial hat handed to them.
The shills repeatedly have said -- just ignore what the US Treasury Bond market is telling you because of the supposed ongoing global expansion led by the United States and China is fine so don't worry about it and the fact that the Bonds keep rallying is due to a variety of obscure technical factors that we wonât try to bother to explain to you.