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This is one of the goofiest things I've read. "China is important." "China is not important." "The Fed will raise rates soon." "The Fed may not raise rates so soon."

He doesn't mention the fact that there is more than $12 TRILLION in private UA capital sitting on the sidelines waiting to invest. It can't go anywhere but the stock market ...unless things turn in which it goes into direct investment.

Many experts---and they on all sides of this---say we should have had a 20,000 Dow years ago.

All ANY market is is confidence, faith. Capitalism demands a "faith sacrifice" before you get rewarded. Yes, you apply reason, but Frederick Tudor had NO evidence Americans would take to iced drinks. Sam Colt THOUGHT a revolver would be useful but had no proof til, years later (after a bankruptcy), Texas Rangers used his pistols successfully vs. Indians. On and on.

What is lacking today everywhere confidence--confidence in American power, will, direction. You don't need to turn the Titanic back to England , just steer clear of the iceberg. It would not take, for example, the election of a Trump to start a massive shift---only the strong likelihood of his election. And not because of any particular POLICY but because of confidence.