Yet the stock market is soaring, the S&P closing at new record highs almost every day, etc.
Something is not right with this picture.
Realistically, there is really no place else for the money to go.
This is probably the biggest Ponzi-like scam ever. The market, in parlous times, is a recognzed “greater fool than I” mechanism. But beyond that, how many little guys are partaking of this market in the spectacular manner that many perceive the market is engendering?
The simple fact of the matter is, this bull is being ridden by the market elites. It’s another vehicle for stripping wealth from middle America.
Since there is, fundamentally, nothing (or very little) to support the market’s meteoric rise, when the inevitable correction makes itself felt, these elites will have long since liquidated their positions, leaving it to the “greater fools” to pick up the pieces.
Rest assured, when this happens, many other segments of the economy will be teetering on the brink, so it behooves us all to remain vigilant and know exactly what is going on.
That one more reason (among many) why this board is so important.
CA....