The Portola Group

Podcast

Bob Fitzwilson: Charting a Safe Course Through A Market Gone Insane

Stick to the fundamentals and ignore everything else
Saturday, March 16, 2013, 11:14 AM

The Dow Jones has had 10 consecutive days closing in the green, a streak not seen since the mid-1990s. Both the Dow and the S&P are at or near all-time record highs.

That's what happens when you flood the markets with liquidity, which the Federal Reserve has done with trillions of newly-printed money over the past several years. It's currently juicing the money supply to the tune of $85 billion per month. All those dollars have to go somewhere.

So, has the Fed won? Has the crisis been averted? » Read more