What we are seeing is a freak of nature (created by men) in which growth hormones are pumped into the stock markets FORCING them higher without any true economic growth occurring at the same time. It is like a man shot full of HGH to make him 10 feet tall but who lacks the skeletal foundation to enable him to function normally. Everything about him is unbalanced and unstable. Pull back the HGH and leave him to himself, and he will topple.
Back when things used to make sense (before the Central Banks got involved and destroyed our free markets) a stock market in a strong, robust uptrend signified solid, genuine economic growth, particularly in the manufacturing sector where raw materials are needed. That is no longer the case. We have this freak of nature that goes one way to the point of absurdity driven SOLELY by a speculative frenzy desperate for YIELD in a ZERO INTEREST RATE ENVIRONMENT created by these self-serving Central Bankers, who should damn well know better than this by now.
Dan brings up some valid points that I myself have been saying to others, none of what we are seeing in these two competing markets makes any sense at all. Over and above Dan's KWN connection Dan does break free at times and produces some fine commentary.
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