Originally posted by jazz
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Right now, the market just wants you to buy more stocks, as this seen as an impenetrable money-making machine, The Dow just broke 35,000 points today, How about that . . . all is good. Investors can feel the warm, protective cocoon of central banks guarding their best interests.
So what's the end game? Valuations now have little connection to economic reality?
There are serious, unavoidable write-offs ahead no matter how debt is marketed in a new, shiny package. This will likely led by commodity weakness. Inflation won't handle this well. Zombie companies will begin to float-to-the-top as government stimulus gradually dries up. My two-bits . . . .
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