Seriously, I understand the central bank intervention, that rates are dead, I get -it, but fundamentally, this market, this index is saying there are no more risks in this market. SPY has gone straight up from Feb 11, 2016 when it printed $180.98 to over $220's ... the SnP, is over 2,165 on what? Something is very wrong.
more likely in $1's.
Looking at the world today, heading into the 5th consecutive negative S&P earnings quarter, Europe in Recession, Japan entering its 30th year is fundamental Recession, the entire European banking sector bankrupt, over $12 trillion in 'negative interest' debt, and ther VIX is a couple points away from a 10 year LOW, really?
Certainly not growth, profits, improving margins, higher sales, better real employment ... just 'shorts' covering. I think that BS is getting a little long in the tooth as they say.
The general consensus, another quarter and the entire global banking system collapses along with several European countries. It is estimated a quarter point increase will wipe-out at least $6 trillion in equity market cap or approximately double of what Brexit did in 24 hours. In related note; JPM Chase offers 1st year college students with no credit an opportunity to build credit with a new student credit card at only 27% APR, requires co-signer with 800 FICO.
and this cesspool is going to get drained a couple thousand points.
Footnote: New law also removes any government employee from 'insider trading' violations.
Disclaimer: does not work on any volatility products that 'short" or any products that are designed to fail, or any product that is not designed to "go long" anything.
Everyone from school kids to nursing home residents are playing the new Scrabble Stock Market Game, and their all getting fabulously wealthy beyond their wildest expectations. All you do is roll either 3 or 4 of the letter dice, match the letters with a stock symbol and BUY IT. Just that simple and it's guaranteed by the Federal Reserve too!!!
In the gender ID Bill that passed thru Congress, a law that requires the Federal Reserve to inject whatever sum is necessary to maintain the Dow, Nasdaq and S&P at daily record highs was approved. So, the stock market therefore can NEVER GO DOWN again. In the event that it does slightly fall for some unseen event, like an asteroid hit, therm-o-nuclear-war, Hillary Clinton being indited for lying, the Federal Reserve will immediately take whatever steps are necessary to correct that incredible occurrence. Therefore, whenever the market accidentally falls a couple of points, immediately use a cash advance credit card option and buy anything, it is 100% absolutely guaranteed by the full faith and currency printing operations of the Federal Reserve, where the motto is; NOTHING FAILS EVER AGAIN.
Incomprehensible is an understatement.
$50's returning soon.
that'll boast 'something', and go ahead and buy the remaining 10% of the Nikkei you don't already own.