The FED is juicing another 'bubble' ...it's good at that.
The 'illusion' of a market rally is just that, an illusion, and is the result of massive monetization which has inflated another bubble.
- Look at price vs earnings for a moment. This will not end well.
There is the outward 'appearance' of vitality (important in an election year), but it's neither 'real' nor sustainable, or in any way substantive...this is a hollow illusion, and when THIS bubble bursts its going to be far worse than the popping of the housing bubble.
I think Clint Eastwood was wrong. This is NOT America's halftime, but instead the "two minute warning."
Buckle up!
Monday, 13 February 2012
Juicing another bubble?...............from Rico
From Theo Spark at 09:54
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