Do not judge a man by the color of his skin. There are good and bad in all races. Hate is very destructive and dangerous.
What if Gilgamesh copied from Genesis. The evidence for a world wide flood is overwhelming. The fact that two sources confirm it means it is very likely to be true.
The stock market has rallied massively in just the past three days with high volume. The rapid increase in prices and high volume suggest this may the blow off stage of the second stock market bubble this century. It will interesting to see how high this bloated stock market rises in the months ahead. Earnings are already down more than 20 percent from the peak in year 2014 and yet stock market is poised to make new all time highs tomorrow! This is stupid time again on Wall Street!
Triple tax is more fair fhan double tax. This is my plan: tax unrealized gains by 20%, realized gains by 50% and 15% transaction tax. Say you have $10,000 to invest and you buy a stock your first tax would be a 15% transaction tax for $1500.00 with $8500.00 left to invest in that stock and it goes up 20 percent the first year and your $8500.00 increases in value to $10,200.00 with a $1700 unrealized gain taxed at 20% for $340.00 and the next year the stock goes up another 20% to $12240.00 with unrealized gains of $2040 taxed at 20 percent and then you sell the stock a month later and pay the 15 percent transaction tax. You still have $10,404.00 after taxes are paid which is way way better return than I have earned in interest on over 1 million in savings in early 8 years!
You can kiss goodbye low capital gains taxes in the not too distant future. Expect much much higher capital gains taxes and a transaction tax in the next administration. The speculators have been gifted a fantastic windfall in capital gains subsidized by the tax payer. It is all artificial however as revenue total has not increased by one cent, not even on measly cent since the peak in 3rd quarter 2008 yet stock prices are more than 40 percent higher. Is that rational? Hell no, this is just another bubble that is a consequence of awful misguided central bank foolishness like QE, negative rates and stick save over and over again. It is stupid time in the casino called the stock market. Grant says it is artificial and I agree.
Mister Whatever it Takes in Europe is the most dangerous central banker in the world today. I would love to have that guy in my Halloween #$%$ house.
The bubble is really big. The valuation measure Enterprise value/revenue is the most comprehensive valuation measure in existence and shows the stock market even more over valued compared to March 2000! This financial bubble scares me because I know in my conscience without any doubt that it will implode someday and probably a lot sooner than even the bears expect. It is only a matter of time before even the speculators lose confidence in todays Keynesian central banking arsonists like mister whatever it takes in Europe and Janet Yellen.
The stock market is very frothy above S&P 500 2100 and the lost decade channel is not that far from current prices. The lost decade channel begins at 2447 for the S&P 500. The stock market entered the lost decade channel in July 1999 and then corrected before rallying back into the lost decade channel in late 1999 and early 2000 which of course was followed by lost decade.
It is yet another bubble and it will implode eventually. The only assets with low relative valuation are precious metals and diamonds.
Price/ sales is already over 1.8 and P/E is over 24 so even if a boom is realized it is reflected in stock prices already. Stronger dollar will crush multi national company earnings. Higher interest rates will bust this bubble real fast This rally is all about chasing yield and momentum , it is NOT fundamental as earnings have tanked more than 20 percent from peak in year 2014!
Another thing to be concerned about is asset allocation. Now more than ever before in recorded history there is more money allocated to stocks, stock ETF, stock index funds and stock mutual funds relative to money market funds. It has NEVER been this lopsided in history!
The most comprehensive valuation measure shows the stock market is in the greatest bubble in history even bigger than DOTCOM bubble of the late 1990s. This valuation measure is called enterprise value/revenues. What is enterprise value? It is market cap plus debt minus cash and enterprise value/revenue takes into account the balance sheet and top line. No other valuation measure is this comprehensive and more correlated to future returns. Enterprise value is the cost of acquiring a company and for the stock market the true cost of buying the stock market. Today enterprise value for the stock market is nearly three time revenues which is insane and dangerous!