Extreme Greed! Greediest Market In History! Euphoria At All Time Record While Economy Sputters (Video)
Extreme Greed! Greediest Market In History! Euphoria At All Time Record While Economy Sputters Video by Silver Report
First, we look at the data released from the RBC that reveals the stock market has just reached an all time record in euphoria, this isn’t actually a good thing and it is very typical of a stock market bubble. I remain hesitant to sign off on this being peak irrational exuberance, however we should note that market sentiment is a powerful thing and for the moment it seems as if more bears have capitulated. Yet it isn’t until the last bear has capitulated that the stock market crash comes. Stock market valuations have been stretched to their limits and markets are priced for perfection. That’s the difficulty we face now is that any string of bad headlines could derail this entire bear market and there seems to be no shortage of bad economic data being released including US factory orders that declined once again. This is the story of 2019 a stock market on the rise and an economy in decline, which one of these will be right?