Gregory Mannarino – It’s All Going to Collapse at the Same Time
by Greg Hunter
USA Watchdog
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.”