NOT THERE YET

So close, yet so far. Even though the pundits crow about new all-time highs, we aren’t there yet on an inflation adjusted basis. Let alone, using true inflation numbers. The powers that be count on the ignorant masses to not realize inflation has ravaged their returns and their daily expenses. Until the S&P 500 breaks out decisively above 2,000, we are still in a secular bear market. We should make t-shirts that say:

All That Money Printing and All I Got Was This Stupid T-shirt

 

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2 Comments
El Comandante
El Comandante
September 19, 2014 12:54 am

the beautiful blonde was adjusting the knob, the reading was so tight that any slight adjustment would throw the reading off. I began to cheer excitedly at her effort;,ooh close, wait, back up, right there, don’t move, don’t move.. she finally complained, juan, you make it sound like we’re having sex.

El Comandante
El Comandante
September 19, 2014 12:58 am

they never speak in terms of percentages. a 50 point move is not the same today as it was a couple decades ago. and a 10 cent discount per gallon is not the same now as it was back in the late 70s.