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Friday, April 07, 2017

Stupid Is as Stupid Does

If you prefer fake news, fake data, and a fake narrative about an improving economy and stock market headed to 30,000 don’t read this fact based, reality check article. The level of stupidity engulfing the country has reached epic proportions, as the mainstream fake news networks flog bullshit Russian conspiracy stories, knowing at least 50% of the non-thinking iGadget distracted public believes anything they hear on the boob tube.

This stupendous degree of utter stupidity goes to a new level of idiocy when it comes to the stock market. The rigged fleecing machine known as Wall Street has gone into hyper-drive since futures dropped by 700 points on the night of Trump’s election. An already extremely overvalued market, as measured by every historically accurate valuation metric, soared by 4,000 points from those futures low – over 20% – to an all-time high. Despite dozens of warning signs and the experience of two 40% to 50% crashes in the last fifteen years, lemming-like investors are confident the future is so bright they gotta wear shades.

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1 comment:

Anonymous said...

I just know my own stocks are kicking butt big time!