Yeah.Major rally on Wall Street jana as Fed Chair Jerome Powell promised to do whatever it takes and print as many trillions as is needed to pump up the markets in his 60 minutes interview plus possible promising Covid-19 vaccine from Moderna.

Maybe Opus Dei should follow suit and announce he will print as many KES as possible to pump up the NSE,government and corporate bonds.Its good Njoroge isnt doing so and allowing Kenyan stocks to correct in a free market mechanism.CBK should especially stay out of the stock market

That's when people will realize that the potent Central Bankers have no control over the market.

https://www.theguardian....ren-buffett-out-of-643m

German company allegedly cons Warren Buffett out of €643m
US investor may have paid over four times too much for firm now being investigated for fraud

We need an official statement from VVS on this.

People get conned. This can happen to anyone. Nothing to do with value investing no matter how much it is spun.

Crazy stuff.S&P 500 punched back above 3000 yesterday as optimism over lockdown relaxations,possible Covid-19 vaccine and by far the biggest factor the Fed money printing pump job working its magic.NASDAQ almost at its all time highs and talk of S&P 500 and the Dow recapturing all time highs is rampant.

I have kept saying Wall Street is a joke of markets being highly manipulated and pumped up by trillions of Fed money printing and there is no reality of asset prices and no free markets in the the US and the rest of the developed world;just central banks money printing mischief lunacy.

Well one of the 6 mega Wall Street banks ie Bank of America Merrill Lynch agrees with me.

Though Wall Street has always been fake,there are lots of opportunities to short term trade these large move volatile swings and make lots of $$$$ in the madness







Though it all seems like the lull before the storm and the bear market rally has suckered in lots of retail investors opening RobinHood accounts to buy the dip.Massive carnage is yet to come as the real crisis of mass bankruptcies especially among small and medium sized businesses that haven't benefited from the Fed multi-trillion dollar bailouts and the final end game of a sovereign debt and fiat currency crisis plays out.

Hehe.Big sell off in the last 45 minutes of trading jana as Trump announced he will be making an announcement with regards to China today.Lots of beef building up between US and China over China's tightening the grip on HongKong,the Covid-19 blame games and the never ending trade war whose drama has degenerated into the ridiculous.Ever since 2018 its been a yoyo trade war with one day hopes of a trade deal and the next day deal hopes are dashed and this melodrama has created very volatile markets.

Nice I caught that 45 minute decline and shorted into the close for good profits.Wall Street volatility madness is the ATM that just keeps giving.

Still don't count out the Fed money printing pump job at least in the short term.The Fed is literally begging the Treasury and Congress to issue more bonds so that the Fed can buy them with newly electronically "printed" dollars.I wont be surprised to see the indices hit all time highs.NASDAQ is almost at its all time record peak. Long term the bankruptcy crisis will result in a slow but sure decline of markets

Despite Covid-19,riots the US is still the best market to be in now and for now it maybe considered as a "safe heaven".NSE 20 Share Index is below 2008 GFC levels yet S&P 500 has appreciated by 5 times the GFC lows and its quite possible that we may see new all time highs in US stocks as the Fed money printing pump job continues to work its magic and push stocks higher.The USD,despite the Fed printing trillions,is the best performing currency as other major world currencies like the Euro,Yen,Yuan,Pound are being printed even more relative to GDP than the USD.King Dollar wont be dethroned in the immediate future and holding US dollars and trading US stocks is currently,in my opinion,the best way to make money now

The US will always have an advantage over other markets because of their superpower status,the USD being the global reserve currency and the fact its the US markets are the largest,deepest and most liquid in the world so in times of crisis investors will rush to the US.Also the Eurozone and Japan have negative central bank interest rates and negative yielding corporate and government bonds which are toxic fueling the rush into US denominated assets.

Its not fair that the US has this exorbitant privilege.Its not fair the US,UK,Eurozone,China and Japan can print trillions and not have their currencies collapse immediately yet if third world nations print like these developed countries our currencies implode.The monetary system and financial markets are heavily skewed and rigged in favour of the developed world and especially the US since the first world nations developed the global economic order to favour them.Its not fair but its reality so make money from this grim reality.Long term US financial assets like stocks,bonds and the USD will unravel but currently US is King.Anyway if US assets tank,you can still make money shorting the market.