It’s a crazy mad world.

Maybe I’m wrong, maybe this time its different, maybe fundamentals don’t matter anymore, maybe the highest P/E ratios on record don’t matter, maybe record sovereign debts into the $Trillions don’t matter, maybe unemployment doesn’t matter, maybe were in the biggest boom times in history with free easy money, maybe as the lowest the stock markets can fall to is zero the upside is infinity, then again sovereign default on debt may mean the downside could be lower than zero and unpaid sovereign debts may mean worse than the Great Depression even.

I’ve never experienced such bullishness even at the very height of the dot com bubble, just about all analysts, banksters media are saying the global stock markets can only go higher.

What does it all mean, reality doesn’t matter and markets really can fly like superman, on money simply printed without any consequences, maybe everyone could simply print as much money as they liked and buy what they want, everyone could be millionaires.

I can’t see how it would work though; some people must pay the price. Maybe some people would be so poor they would do hard labour and still couldn’t afford enough food and starve so as others could lounge in their mansions living a life of luxury.

It’s starting to look like all the equity bubbles in the world can carry on getting bigger defying all fundamentals, the last time this happened on this scale was just before the dot com bubble burst, then again this is even bigger scale and it affects just about all sectors and all markets than then more like just before the 1930 to 1932 crash, the worst one in history so far.

- LearnFromMistakes

Related Posts:

• Why people are buying?
• How do you have a bottom if the consumer still hasn’t fully realized what has happened?
• Here we go back to the 1930’s type economy.
• The Crash of 2010: The Greatest Depression is Coming!
• Fed’s warning

Leave a comment