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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (150833)	9/23/2019 6:50:38 AM
From: stsimon	1 Recommendation Recommended By ggersh Read Replies (1) \| Respond to of 217752

It is clear that the Fed is going to continue to fund not only the carry trade speculators, but the Chump tax cut which is fueling a rising stock market that Donald hopes will carry him to victory in 2020. I suspect that this ill conceived financial experiment is not fully understood by its creators and supporters. The Dow to GDP ratio in January was the highest in 70 years, demonstrating extreme over valuation in equities. I'm not smart enough to know if the financial machinations currently underway can send it even higher, but I suspect that this will not end well, and sooner rather than later. To me the equities market in the US. appears to be in an extended topping out process typical of the exhaustion phase of long bull markets. The VC community continues to dump its dogs into the new issues market, another sign that we are nearing the end of the long escalator ride to the top floor. The elevator ride back down will likely be much faster and quite breathtaking. Nothing is more damaging to wealth than the expertise of smart and well educated people who are just wrong....