[Money-matters] FW: [Money Matters Newsletter] Greece votes to kick the can! Read this Update! June 17th, 2012

Marc Cuniberti bayareaprocess at att.net
Mon Jun 18 00:41:20 UTC 2012


 

 

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From: Money Management Radio [mailto:news at moneymanagementradio.com] 
Sent: Sunday, June 17, 2012 5:37 PM
To: client perf
Subject: [Money Matters Newsletter] Greece votes to kick the can! Read this
Update! June 17th, 2012

 


 
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Greece votes to kick the can! Read this Update! June 17th, 2012


Marc's Notes:

Greece voted and the Pro Bailout party should have enough seats to allow
Greece to keep up with cuts and get another bailout. This vote keeps the
crisis at bay for another day but bottom line is nothing is solved. Greece
will probably get more loans which really does not solve the crisis but just
kicks the can once again. (How many times can they do this!)

So we avoid a crisis Monday but watch the enthusiasm wear off quick. Now
instead of going LONG the market, stay neutral for now until the US FEDS
announce their next "program" of money printing, which will probably be
another version of Operation Twist where they trade in short term debt
(Bonds expiring quickly) for long term debt. (They buy 10 year or 30 year
bonds). This is an attempt to lower interest rates (again) even though they
are in the dirt now. The effect of these programs is dwindling each time
they do it, and eventually they will not work at all but we are not there
yet.

When the FEDS do announce another program, go long (buy) the market for a
rally which will last until the program expires thereabouts (no one can say
for sure).

The previous OPERATION TWIST ends at the end of June so this is why they
will do another soon. Without FED support, the markets fall. A sad day in
freedom when the markets depend entirely on FED support. This is also the
last gasp of an economy waiting to collapse. We still have more bided time
but it is wearing thin.

Buy more gold funds and physical gold always and attend one of our money
classes to fully prepare. There is a money class this FRIDAY at 11:00 at
Lena's Pizza in Alta Sierra which is half off AND you get the Dream
Portfolio for Free!

Show up if you like and email me letting us know you plan on attending! This
is the last class offered at HALF OFF for $99.00 and you get lunch and the
Dream Portfolio.

Everbank has a great checking account offer with nice interest and a nicer
guarantee. Check out the account here:  EverBank Yield Pledge Checking:

https://www.everbank.com/personal/interest-checking.aspx?referid=13286

Show this Thursday at noon.

Thanks for those stopping in at the broadcast booth at the NC Pioneer Park
Soap box derby. Nice to meet you!

Consults available but only a few. Attend a class and get half off the
consult fee. Email me for info.

All for now, but keep tuned in. The markets will be volatile this week for
sure!

Marc

 

PS Look at the funk the Japanese market has been in for decades due to
bailouts preventing the market from clearing. Much like ours will look like
in a decadeor more! Then check the yields on Greek debt. This vertical line
is like the interest on your credit card being raised because your behind on
your payments.

 

 
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