Re: Financial topics
Posted: Sat Mar 07, 2020 10:19 pm
We can try to dig up historical examples but, like I said a few days ago, there is no comparison to today's overvaluation and recklessness, along with structural factors that make this bubble bigger than any that has ever been achieved historically, as it permeates the entire economy. Vince gives a great example of this above, noting that the corporations themselves have recklessly borrowed money to drive bubbles in their own individual stocks. The stock market is still way more overvalued than it was at the 1962 and 2007 highs so, in my opinion, looking at the declines from those highs only gives a very vague idea of what may come. We have a vague idea that the recklessness will be carried to the max as Trump and the Fed are bubble blowers extraordinaire and should commence continuing their ways if it is politically or structurally feasible. Somewhere during recent days, I read that corporations have increased buyback activity on this "dip" and now we see the Fed is making pronouncements that indicate they may actually throw trillions in during the last days of the bubble ("there's a lot we can still do", etc.).
The above says a whole lot of nothing except get ready for anything to happen and it's not over till it's over.
The above says a whole lot of nothing except get ready for anything to happen and it's not over till it's over.