The present euphoria has to run its course, fueled by the power elites absolutely bent upon pumping up the market at ALL COST. They have the (printing) machine to gun down any doubters.
The institutional professionals are the key players, and the Fed is gladly pleased to go along.
However, stock price is based on fundamentals, and not on gambling fever. The blackjack gambler would tab on the velvet sheet to signal one more, even at 15 or 16 --- Greed Rules!
Enormous Downside Risk for Stocks [View article]
The institutional professionals are the key players, and the Fed is gladly pleased to go along.
However, stock price is based on fundamentals, and not on gambling fever. The blackjack gambler would tab on the velvet sheet to signal one more, even at 15 or 16 --- Greed Rules!