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Mother of all Collapses Can’t Be Stopped – Gregory Mannarino

Sunday, May 29, 2016 14:26
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(Before It's News)

gregory mannarinoTND Videocast Spotlight:  Greg Hunter’s USAWatchdog.com

Trader/analyst Gregory Mannarino says you better be protecting yourself for what is coming in the financial markets. Mannarino explains, “It’s just a matter of time.  Who knows when this actually rolls over–days, hours, months, who knows? . . . . There is no stopping it. All they are attempting to do is sustain it a little bit longer, and it’s only going to make this worse.  The whole correction to fair value is going to seem like the mother of all collapses.  It’s not a collapse in that sense.  It is a correction to fair value because everything is just out of the realm of reality.   There is no price discovery mechanism on anything—anything.”

On the Federal Reserve continually hinting at raising rates in the face of a very weak economy, Mannarino says, “I think the Fed is playing a very dangerous game with the market, and I mean it’s a game. We hear there is going to be a possible rate hike.  How did the market react?  The market pulled back.  Then in a day or two, we get a different Fed President saying hold on a minute, it may not be June.  Then, the market goes back up higher.  They are creating this market where it’s going up and down.  So, these institutions are buying ‘calls’ and collecting cash on the bottom and buying ‘puts’ and collecting cash when it goes back down.  So, they are fostering the wealth transfer even more.  This is just more of the same.  The Federal Reserve is a serial bubble blower, and what they are doing now is putting these little bubbles in there, too, so all this cash can be collected.”

Click here to read the rest of Greg Hunter’s write-up and to access the active comment section.

After the Interview:

Mannarino gives free stock picks and trading advice on TradersChoice.net. There is also free information and new videos released by Mannarino on a consistent basis.

# # # #

About Greg Hunter:

greg_hunter1Mr. Hunter is the producer and creator of Greg Hunter’s USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. Greg Hunter’s USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows. Greg encurages feedback and welcomes comments. You may also support USAWatchdog.com by clicking here to donate.  Reprinted with permission.

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Source: http://thenewsdoctors.com/mother-of-all-collapses-cant-be-stopped-gregory-mannarino/

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