JasonC

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.