JasonC

Looks Like the Commodity Trade Is Ba(ra)ck!

Put down the crack pipe.

All the bubbles went smash and they go right on going smash. It isn't all going to instantly reverse and fly to the moon to save your sorry backside.

Crazy P/E Ratios

Both, actually. Earnings estimates are too high, and many companies are at prices that are the buy of a lifetime. Meanwhile, every terrified silly person is scrambling to get out of all future claims of any kind and into the 2% of our wealth that exists as cash. Why? Because authorities have decided to indulge a populist desire to slaughter the banks out of envy and resentment.

Support capitalists or you have no capital. Law of nature, not up for discussion.