http://www.bloomberg.com/news/articles/2015-08-06/media-wipeout-taking-down-pillar-of-bull-market-in-u-s-stocks
`The selloff [in media stocks] is a blow to investors who have seen
breadth dry up and the number of advancing industries narrow. More than
100 percent of this year's increase in the S&P 500 is attributable
to two sectors, health-care and retail, the tightest clustering for an
advancing year since at least 2000, data compiled by Bloomberg show.''
Ok lets make something perfectly clear! a BULL MARKET doesn't require 7 years of ZERO
INTEREST RATES. A bull market doesn't need the WHITE HAIRED GARDEN GNOME
and her merry band of economic TWITS buying the
market with QE1, QE2, QE3 and soon to be QE4.
What bull market said
"HEY, GIVE ME SOME TARP" so I can continue to be a bull?
You know the house is about to burn when even educated (cough,
cough) economists believe the SENILE COOT'S BS about a bull
market.
There is no bull market, CENTRAL PLANNING destroyed it. We also read this morning that local City and Town governments have picked the pockets of the formally middle class consumer dry!..
For some unrealistic reason those sitting in Washington have these Blotter Acid flash backs that we are all flush with cash and hoarding hundreds of thousands of dollars for a rainy day in our mattresses! NOTE: IT'S POURING OUT! there is nothing left at the end of the day! this, even with working two or three jobs! Hell just going to the Grocery store for a weeks worth of groceries is a financial set back! WAKE UP!
And to think people are calling this Deflation. Wait till you see what Inflation looks like!
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