“Someday financial markets will decline...rising stock/bond markets will no longer be government policy. QE will end and money won’t be free. Corporate failure will be permitted. The economy will turn. Someday, somewhere, somehow, investors will lose money and once again come to favor capital preservation over speculation. Someday, interest rates will be higher, bond prices lower, and the prospective return from owning fixed-income instruments will again be commensurate with risk.” Seth Klarman
Thursday, February 27, 2014
Stock Market Bubble Confidence Explained in One Chart
Who holds the most stocks? 50k+ households. Who holds most jobs producing those corporate gains? <50k+ households. This is what a bubble looks like. No fundamental investment in labor means demand is not there (real).Think fundamentals, not media headlines.
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