Observations on the Groundhog Day Market
Let's go over some observations on what has now become a fully subsidized economy and stock market - taking from the future to push up economic activity and stock market values today. (1) First, a housing report came out today ... let us say we were shocked. Just shocked I tell you about the results. I mean when the same exact data point happens 32 times in a row, it is right to be shocked and drive the stock market up on the "incremental new data point". Because as we know the stock marke