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!
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