What a stupid thing to say, no? After all, how can one be so one directional in the face of overwhelming atrocities? Very simple.
Over the past 6 years, the markets, and western finance, have been tested more than in any other period in modern times. The results have been nothing less than stellar. We know, no matter how shallow the set back, central banks are here to bid. We understand that stocks might trade down for a period of time, but ultimately, the anonymous bidder comes to play.
So, as an allocator of assets, how in the world can I base present and future decisions around anything but higher stock prices?
Eventually the economy will recess and stocks might languish for a bit. Rest assured, when that time comes, the Fed will be there to ensure that stocks lift higher. This is all cotton candy, crayons in the ears, crazy talk; I realize that and know it’s all a game. But you’d be an idiot if you thought the Fed and central banks were going to lose control now, after what we saw in 2008 and 2011.
Sectors will overheat, like biotech is now. Corrections will come and go, like March of last year. All that being said, the stocked market is now mandated, by the powers vested in government, to trade higher, forever and ever and ever.
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come play with us Danny; https://www.youtube.com/watch?v=6yQzw_1Iflo
IBB up another $4 bucks after hours. I gotta buy some of this tomorrow GOTTA GET THAT PAPER YO.
Not in Yelp anymore but this Kickstarter is pretty laughable. https://www.kickstarter.com/projects/1299637435/billion-dollar-bully
http://en.wikipedia.org/wiki/Pied_Piper_of_Hamelin#/media/File:Pied_Piper2.jpg
+1
Any thoughts on $DPLO going foward? A higher percentage of new drugs hitting the market are considered specialty therapies.
In the last 6 years my only regret was waiting until April 2010 to become permanently bullish. Ben Bernanke convinced me.
And a permanently diminishing purchasing power of the dollar.
http://www.barchart.com/charts/stocks/$DXY
Good Shepard- If your link responds to my post… I meant what a dollar buys in goods and services in the USA, not other currencies..
Sir, when was the last time you were referred to as “SMARTY-PANTS”?
Minack makes the point that “monetary policy has been fairly ineffectual as a real economy stimulant in this cycle, but it’s been very effective reigniting the ‘financial economy’. I don’t think that real economy factors – such as inflation or growth – justify a tightening. But rates are too low for the financial economy: they are encouraging financial smarty-pants to do the same sort of things that got economies into a jam in the first place.”
http://www.zerohedge.com/news/2015-03-19/albert-edwards-it-already-too-late-avert-another-crisis
So if things don’t all crash in the next few months it must be agreed that these people are incorrect. After all, they say a crash is already baked in, the cookie is coming out of the oven. There can be no other result but a near term crash if these people are to be considered predictive.
This is all for the benefit of poor people.
I am just hoping $SRPT trades irrationally higher in the coming days so i can be a part of the party. I further hope to someday mint several fortunes trading into the a-$BIS.
There WILL be a lower-high
When THAT happens
Feel FREE to be permanently bullish
YOU will lose