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Peter Boockvar: “There Is 0% Chance That This Ends Smoothly”

Posted By admin On September 25, 2013 @ 5:15 am In Money Watch | Comments Disabled

Zero Hedge [1]
September 25, 2013

CNBC just aired a fascinating segment that pitted anchors Mandy Drury and Brian Sullivan (squarely in the markets-are-going-up-and-the-world-must-be-rosy camp) against a more skeptical (“it’s all short-covering” – and he’s right at the margin) Herb Greenberg and an awfully fact-based reality agent – Peter Boockvar.

The entire 5 minutes were a perfect reflection of the battle in the markets of the last few years – that of market wisdom and the facts versus the blind optimistic ignorance of watching (and trusting) a ‘market’ number (in this case the Dow Jones Industrial Average Index) rise day after day and not caring why – until – as Peter Boockvar so eloquently notes you have your 401(k) cut in half twice in a decade.

Well worth taking the time to witness the cognitive dissonance of believing the market strength is unrelated to the Fed and yet a Fed unable to Taper even a few billion for fear of repercussions… as Boockvar notes, “there is 0% chance this ends well.”

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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2013-09-24/peter-boockvar-there-0-chance-ends-smoothly

[2] Peter Schiff Says Gold to $5,000/ounce and US Market Rally Will Fade: http://www.prisonplanet.com/peter-schiff-says-gold-to-5000ounce-and-us-market-rally-will-fade.html

[3] Peter Schiff: Here’s Why Home Prices Have To Decline At Least 20% And Probably More: http://www.prisonplanet.com/peter-schiff-heres-why-home-prices-have-to-decline-at-least-20-and-probably-more.html

[4] Peter Thiel Gets the Bitcoin Bug: http://www.prisonplanet.com/peter-thiel-gets-the-bitcoin-bug.html

[5] The BBC became a propaganda machine for climate change zealots, says Peter Sissons… and I was treated as a lunatic for daring to dissent: http://www.prisonplanet.com/the-bbc-became-a-propaganda-machine-for-climate-change-zealots-says-peter-sissons-and-i-was-treated-as-a-lunatic-for-daring-to-dissent.html

[6] The Oil Price Surge Indicator Says There’s A 100% Chance Of A New Recession: http://www.prisonplanet.com/the-oil-price-surge-indicator-says-theres-a-100-chance-of-a-new-recession.html

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