BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: April 25, 2016
Bubba & Guest Joe Meyer Break Down Market Manipulation
Today on The Bubba Show, Joe Meyer from StraightMoneyAnalysis.com joins Bubba for the day and breaks down the macro trend of the markets. Bubba asks Joe for his assessment of the overall markets and Joe tells Bubba that investors should be very cautious here as he doesn’t see much room to the upside and is afraid that the average investor will get run over once again.
Bubba and Joe discuss the free market system, which both believe is nonexistent now. Joe feels that the markets need to correct before assets can reprice themselves and before the free markets and true price discovery can begin to return to the market. Joe says that the manipulation of markets must stop.
Bubba tells Joe that he is unhappy with the Central banks and the fiat currency system because they do too much manipulating of markets, while creating a tax on the middle class. Joe agrees with Bubba and goes a few steps further explaining that they are not allowing the markets to function on their own, which will create a bigger correction.
Bubba and Joe discuss the ‘recession that never left’, wondering why some economists are calling for a recession. Joe agrees with Bubba, stating that the average person is still in a personal recession, whether the economists want to recognize it or not.
About Joe Meyer
Meyer entered the brokerage industry in the early 1970’s as a broker dealer trainee with the firm Edwards and Hanley, a member of the New York Stock Exchange. He was employed by a number of top New York Stock Exchange Firms as a registered representative including Edwards & Hanley, Merrill Lynch, Shearson Hayden Stone Inc, and Paine Webber Jackson and Curtis. Meyer has also been a professional insurance agent and was licensed in life, health, disability and annuity coverage with Bankers Life and Casualty Company.