The market is priced for annual returns before inflation of 3%. With true inflation already running at 5% or more per year and Bennie printing $3 billion dollars per day, you are guaranteed to have negative real returns in the stock market over the next ten years. If you fancy yourself an investing genius who will know when to exit before everyone else, buy today for that speculative blow-off. I’m sure you can get out before the Wall Street shills with their HFT supercomputers.
“No denying a possible speculative blowoff, but the Fed has created what’s repeatedly proved to be a fool’s paradise.”