As a former stockbroker, I never, and still don’t know why the market went up during this Obamination administration.
Although this guy may have somewhat of a point, I disagree with his estimation that at the low (6626.9) in 2009, the market was only 7% undervalued. This makes me question his numbers. IMO
If you plot the slope of the stretch between the third and forth kink of the sheep’s entrails the reason for the market valuation becomes very clear
Pump, pump, pump, pump.....
I think it is fixed by the Fed, Goldman Sachs, and a lot of the other biggies. In a couple of years, all those 401k proceeds are going to be cashed in and you’ll see a drop like no other. The Fed is causing money to be printed, Goldman Sachs and the crew are doing dummy trades to push up prices and commissions, and most of the corporations are being looted of cash by the managers and directors.
PING