Bank Of America: "It's Getting Frothy, Man"
ZeroHedge
When even Bank of America’s Michael Hartnett has a note titled “It’s getting frothy, man“, and joins such other bubble-warners as JPM, Bill Gross, Larry Fink, and David Einhorn, one can be absolutely positive that the Fed will do… absolutely nothing.
From Bank of America:
It’s Getting Frothy, Man!
Equity funds: 3rd straight week of big inflows ($12.4bn); YTD, equities have seen $231bn inflows versus a mere $16bn inflows to bond funds (Chart 1)
Global Flow Trading Rule: another $8-9bn of inflows to long-only equity funds over next 2 weeks would trigger a contrarian “sell” signal (Chart 2). Bullish investor flows dovetails with our Bull & Bear Index, which is on course to trigger a cautionary riskoff signal in mid-November
Crowded trades: this week investors continue to funnel money into Europe, Japan, HY and Floating-rate debt
http://www.zerohedge.com/news/2013-11-01/bank-america-its-getting-frothy-man
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The Fed should be doing nothing. All the printing it has been doing is fueling this bubble as it has every bubble since 1929. Without the Fed we would have had short and sharp corrections and not these major crashes.
After the SHFT tons and tons worthless pieces of paper once called The US Dollar will be brought back from every country on trains,boats and airplanes that’s holding our US Treasuries.
Ever held trillions of pieces of paper?