Never fear, mon ami, mr. friendly is here. Now, get ready for a nice back door smoothie
Dow could break 18k today so news media has something to boast all weekend. Retired are FORCED to buy funds now, saving for interest will not be possible again. Talk of correction only means a possible dip to get more shares. There has been no black swan since '08, and now the "good sides" reported about any black swan event would probably move the markets higher.
And probably only gone down maybe 2 days , a whopping 10 pts at best , all the while earnings haven't gone up , revenues are flat, but since there are no sellers, there is no end in sight. Any bad news is spun as good, good news is even better, but lately no news, futures up everyday, so what will stop the madness ? PE's and earnings are irrelevant, and have been for a few years, so where does it end ?
Sounds good!!! Jforuus does a great job on the smoothies because he's a devoted boo-foo-boi. What else can I say?
same happned when japanese said 'shut down your electronics factories- we give you cheap TVs' and we did
same happened when chinese said 'shut down your factoires, we give you cheap stuff' and we did
now same happening with saudis saying ' shut down your shale, deep-sea drills, we give you cheap gas' and we did
are we stupid ? we kill our own middle class jobs... or we let the world kill our jobs.. we gotta be major league stupids..
Riots won't stop it, blizzards won't stop it, Russian invasions won't stop it...just constant melt-up with absolutely no fear. Oh, by the way, the economy is stronger in the third quarter with lower oil prices and with more dropping-off unemployment lists, we are booming there is no red on the horizon.