Is that a red flashing light on the control panel of “the man behind the curtain”?
Among the many “interesting” (a safe word to use in perilous times) signs and portents swirling around us, here are five financial tidbits “of interest.” What do they mean? The answer is of course nothing. There are many “interesting” things with no discernible meaning. Being “interesting” is enough.
1. Just like in 2000, proponents claim “this time it’s different.” Back then, the claim was that since the Internet would be growing for decades, dot-com stocks could go to the moon and beyond.
The claim the the Internet would continue growing was sound, but the prediction that this growth would drive stock valuations into a never-ending bubble was unsound.
A Stock Market Crash Of 65-80% This Year? – Investment Watch investmentwatchblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentwatchblog.com Daily Mail and Mail on Sunday newspapers.
Still, the other side of the #moat … a Fed-funded Wall Street could care less about Main Street labor force! $10 TRILLION in stimulus in 2 YEARS! TWO!
Fed s Kaplan: “I worry that bond buying has some distorting impact on price discovery, that they encourage excessive risk taking, & excessive risk taking can create excesses & imbalances that can be difficult to deal with in the future.” pic.twitter.com/hnbky2g2Qx
On a fully diluted (accurate) basis, $TSLA, which has 1% share of global autos, is run by a CEO who can t deny having committed securities fraud & has never generated + cash flow, is valued higher than GDP of all but 15 countries