The Return To Normalcy – Even The Supply Of Greater Fools Is Limited | Zero Hedge

funny-hamster-tongue

I think sometimes, with the stock market doing its best imitation of the Energizer bunny, we forget just how extraordinary are the times in which we live. We’ve been lulled to sleep by the relentless and mesmerizing march higher of stocks and all manner of risky assets. Maybe it’s just that having lived through two booms and busts already that people have come to believe that another boom in risky behavior is not just the new normal but the old one as well.  And having survived the last two busts, none the wiser apparently, everyone figures we’ll survive the next one too. Maybe. Or maybe people just don’t realize how truly weird things are right now.

I’m guilty of this type of thinking too but it seems like every week I get some kind of reminder that snaps me back to reality. Last week it was an article on MarketWatch about a convicted murderer passing out investment advice while serving a 54 years to life sentence. The article detailed some of his stock picks which included a healthy dose of social media stocks and other tidbits such as his affinity for penny stocks. When the stock market mania has reached all the way to San Quentin, one can’t help but think maybe things have gotten a bit frothy. Stocks are not, as I’ve said more than a few times recently, cheap by any measure but as the market has demonstrated repeatedly in this bull phase, that is no reason prices can’t continue to go higher. The supply of greater fools however is not unlimited and at some point reality and rationality will return, likely with a vengeance.

[gview file=”https://troutinmilk.com/wp-content/uploads/2014/07/The_Return_To_Normalcy__Even_The_Supply_Of_Greater_Fools_Is_Limited.pdf”]

via The Return To Normalcy – Even The Supply Of Greater Fools Is Limited | Zero Hedge.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

We Have No Idea What The Underlying Reality IS. However, I assure you it is more evil than anything you can imagine.

The Facts:There appears to be attempts from several sides of the spectrum to normalize pedophilia and bring social acceptance to pedophiles. Reflect On:Are the efforts to humanize pedophiles and bring

June 27, 2019
The Story of Q and the Second American Revolution

I have been following Q since it’s earliest appearance and have mentioned the phenomenon on this blog shortly thereafter. I must admit, primarily due to a natural impatience, that there have bee

June 27, 2019
Skip to toolbar