I Don’t Know if any of this is Legal

January 23, 2015 Market Maker – Steve Kalayjian The Dow Jones Industrial Average closed up 259 points, that is four days in a row the market has seen and upward trend. Last week there was a significant oversold market – the target that Steve was looking for was between $17,600 and $17,900. An area where if someone was a long term investor that would be the time to lighten up on some equities within that range. There is possible trouble at the end of the first quarter and the beginning of the second quarter. As mentioned last week, there is a gap at the bottom end of the market that will get filled sometime in 2015. What fueled the markets current rally is a report from the European Central Bank, the ECB, that they will provide a stimulus throughout Europe in the form of a bond purchase of $1.2 Trillion Dollars. That is $69 Billion Dollars a month in bonds. Steve is unclear how they think that this will fuel an economy. The United States attempted to do this domestically, and that left us with over $4 Trillion dollars assets on the Federal Reserve’s Balance Sheet. Steve is not sure if any of this is legal but he knows that it was done. There is no listing on the Federal Reserve’s mandate that allows them to hold assets of that magnitude, if any. They see there is weakness in Europe so they have to do something to encourage market growth. They want Europe to grow and they feel that by raising stock prices it will get into people’s psychology that have money in mutual funds or pension funds to go out and spend money in their economy. Steve does not buy this, and it is unclear how this process will wors. Stay tuned tomorrow for more updates on Market Maker.
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.