The US stock market has practically zero correlation to revenue, profits, GDP growth. So what is it correlated to? Central bank liquidity ops.
Check it out!!!
So with liquidity spilling out all over the place (reverse repo market approaching a Trillion) what does the Fed do?
They stand up a permanent liquidity volcano to “boost market liquidity”.
If I was one of the felon wall street banker types, what would I do. Let the market crash, borrow from my friend the Fed at near zero percent interest and buy the market out for pennies on the dollar. Kind of like they did to housing the last time.
“Market stability” = wall street banker profits. not you. be careful.
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