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Market Crash if US Policies Continue: Dick Bove

Posted By admin On January 26, 2010 @ 4:55 am In Money Watch | Comments Disabled

CNBC.com [1]
Tuesday, January 26th, 2010

Some worry Washington actions may create a new bear market. But Dick Bove, financial strategist at Rochdale Securities, fears the worst: He warns that America’s government may instigate a full-fledged market crash. Bove offered CNBC his insights — and named bank stocks that are still strong investments.

“We all agree the market is driven by money. If the money supply increases, the money gets into the market and stock prices go up,” Bove noted.

“But last week, what we saw was a shot at both of the areas where money creation occurs in the United States.”

“On the one hand, we were talking about getting rid of Mr. [Fed Chairman Ben] Bernanke. Mr. Bernanke represents an easy monetary policy.”

 

Full article here [1]

“When the people find they can vote themselves money, that will herald the end of the republic.”Fall Of The RepublicBuy the DVD here [2]

Market Crash if US Policies Continue: Dick Bove  FOTR 340x1692 [2] 

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URLs in this post:

[1] CNBC.com: http://www.cnbc.com/id/35065219

[2] Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html

[3] U.S. May See 150-200 More Bank Failures: Bove: http://www.prisonplanet.com/u-s-may-see-150-200-more-bank-failures-bove.html

[4] USB’s Cashin: Market Conditions ‘Reminiscent’ of Lead Up to 1987 Crash: http://www.prisonplanet.com/usbs-cashin-market-conditions-reminiscent-of-lead-up-to-1987-crash.html

[5] This Is The Biggest Cluster Of Hindenburg Omens Since The Last Stock Market Crash: http://www.prisonplanet.com/this-is-the-biggest-cluster-of-hindenburg-omens-since-the-last-stock-market-crash.html

[6] ‘Biggest Story in Market’ Is US ‘Currency Crash’: CEO: http://www.prisonplanet.com/biggest-story-in-market-is-us-currency-crash-ceo.html

[7] The Chart That Will Crash The Market: “We Have Reached the Terminus”: http://www.prisonplanet.com/the-chart-that-will-crash-the-market-%e2%80%9cwe-have-reached-the-terminus%e2%80%9d.html

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