Off the Cuff: The Tail Wags Harder

In this week's Off the Cuff podcast, Chris and Mike Shedlock discuss:

• Topping Markets
  • Signs of an imminent correction continue to mount
• Central Banks Gone Wild
  • No longer hiding their rampant asset purchases
• Perpetual War
  • The military-industrial complex is the tail wagging the dog

Mike returns to Off The Cuff this week with a lot to talk about.

For starters, The Bank of Japan has just publicly admitted to purchasing equities in the Japanese stock market when it looks weak, in order to keep confidence in stocks solid. In fact, the BOJ will soon be the largest shareholder in the world of Japanese equities.

Madness, right? Sadly, this is very likely not limited to Japan's central banks. But at least they're being open about what they're up to (*cough*, *cough*, Fed, ECB, BOE…)

Despite the interventionist propping up by the central banks, we are seeing increasing signs that the market is rolling over. This week's whipsaw action is a classic battle between natural market forces (which are trying to return to saner levels) and rabid defense by the status quo desperate to keep the bull market alive. Things will likely continue to be highly volatile over the coming weeks. We remind our readers who are long this market to strongly consider hedging strategies.

Chris and Mike also spend time discussing the perpetual war the US seems hell-bent on pursuing.