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Saturday, August 12, 2017

The Stock Market Is Like Yellowstone: "It's Beautiful, But It Has A Volcano Underneath It"

Anyone putting money in the stock market at this point should have their head examined. The fact that the stock market had reached a record high for the ninth day in a row should be enough for any rational person to see that we’re in a bubble of massive proportions. But there’s also the fact that all of the big players in the investment community are backing out of stocks like there’s no tomorrow.

Sovereign wealth funds are pulling their money out of stock markets in developed countries, corporate insiders are selling stocks in their own companies, and infamous investment companies like Goldman Sachs are admitting that there’s a 99% chance that the stock market won’t keep rising like this in the near future. Berkshire Hathaway, the 7th largest company in the S&P 500, is sitting on a $100 billion dollar pile of cash that grows year after year, because as the stock market climbs to new heights, there aren’t many attractive investments left. You can’t buy low and sell high when there are no lows, and that should say a lot about current state of the economy.

The latest damning report on the stock market comes from Barry James, the president of James Advantage Fund. In a recent interview with CNBC he compared the global market to Yellowstone National Park.

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3 comments:

Anonymous said...

Nice "story", but Yellowstone has been here for hundreds
of years and will be here for hundreds more. Morons need new straws to grasp at.

Anonymous said...

I should have said thousands maybe millions. Sorry to trivialize the magnitude of the CNBC misstatement! What a bunch of idiots!

Anything for a headline, right? LOL!

Anonymous said...

The stock market is a rigged casino.
Central Bank debt creation has led to a very dangerous situation for pension funds and retirement funds.
Sell stock and keep plenty of cash on hand - good advice.