Zach, the funny thing is, the bulls completely ignored this. all i heard being said was "the economy is slowing, no more rate hikes, BUY!!!"
interestingly, every single rate hike so far was greeted with heavy buying too...so it seems everything is bullish now, strong growth , slowing growth, rates going up, going down, doesn't matter.
that's how you know it's a mania...a glorified casino, a sort of entertainment business. it has nothing to do with investing anymore. 'investors' should correctly be referred to as gamblers imo.
regards,
hb |
