Could we make highers highs? its plausible but unlikely. Even with the disconnect with the economy and the bond markets, at some point, something has to give and this entire construct that the US governement has built will come tumbling down. Nothing in the fundamentals justifies such a high price for the index once again, and with the earnings recession upon us, I don't see this lasting for much longer.
Hedge properly and take necessary precautions because buying this market at such levels is financial suicide.
Hedge properly and take necessary precautions because buying this market at such levels is financial suicide.
