Why let the facts get in the way of a good headline. The bimbos and hacks on CNBC have absolute faith in the moronic masses not understanding inflation. And they are right.
ABOUT THAT NASDAQ RECORD HIGH
Why let the facts get in the way of a good headline. The bimbos and hacks on CNBC have absolute faith in the moronic masses not understanding inflation. And they are right.
So, NASDAQ 7000 by September!
15 years of compound inflation never hurt anyone….right?
Perhaps the NASDAQ has another 2000 points in it. No one knows the future.
On the other hand, EVERYONE is a bull now. The bears have been beaten, shot, skinned and now the bulls are making love on their bearskin rugs in front of their roaring fires.
Can someone imagine a greater level of complacency?
It’s not a perfect timing model, but when I look at the charts, I look at the weakening fundamentals, look at the candidates for “oh, in the light of hindsight, THAT (whatever THAT is) doomed the bull market” lined up like a huge game of Dominoes, all I know is that I won’t buy this market, no matter what.
I’ve been burned too often before to short it until after a clear-cut turn is behind us, but if ever there was a time for a “tornado watch” (conditions are ripe for one, but one has not yet been sighted) kind of trend change, this is one.