http://www.cnbc.com/id/100757486
I guess Benny boy knows something the stock market doesn't, and that is that the economy would be sucking wind big time, were it not for his hyper-injected on steroid monetary easing policies. Of course, he is in a race with Japan and at least a dozen other countries, to the bottom of course. The best thing for him, is that they are debasing faster, so it makes it like magic, with a US dollar appearing "stronger."
Eventually the drug induced investor and trader hallucinations will wear off, but until then its full speed ahead for the Dow and S&P rocket ships.
It would be interesting if anyone could calculate what the dollar debasement is really worth, and how much higher the Dow would need to scream, before it would actually hit what the Dow was worth back in 2000.
The most accurate two vehicles to do that with would likely be healthcare costs, and college education costs.
I'm pretty sure those two avoid most hedonistic adjustments of their costs.
"Too soon to crash the market"
Started by
nimblebear
, May 22 2013 09:44 AM
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