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Where is the Top of this Market?

Where is the Top of this Market? - The Bubba Show
Todd "Bubba" Horwitz on Liberty Talk FM - Image Rotator Photo

BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: July 26, 2016

FOMC Meeting Underway, What will the Damage be?

Bubba starts off today’s show talking about the Democratic National Committee and the latest scandal surrounding Hillary Clinton. Bubba talks about the failures of our leaders and the system. The overall picture is bleak and Bubba wants to know how Hillary Clinton always slides away from trouble. The system is broken and needs to be fixed.

Bubba talks about the FED meeting this week and how much damage they have done to the overall economy. Bubba talks about the bigger news of Verizon taking over YAHOO. They sold out for 4.8 Billion instead of the 48 billion they were offered just 10 years ago.

The markets continue to stay around their highs and Bubba explains that it doesn’t matter as we trade off of technicals and not fundamentals. These factors continue to push markets higher as the retail investor pours in their hard earned money. That is why Bubba believes the top is in and will be looking to sell.

Bubba discusses the effects of currency wars, stating “every time a bell rings, an angel gets their wings.” Bubba goes on to explain that whenever central banks print more money, they are actually stealing money out your pocket. It’s very simple, think about declining currency as diluting a stock- they are giving more shares away without financial benefit.

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Todd Horwitz began his career in the financial industry as an option market maker at the Chicago Board of Options Exchange in 1982 and was one of the founding traders in the SPX pit. He is an active member of the am currently a member of the Chicago Board of Trade.