ProShares UltraPro Short QQQ ETF (SQQQ)

[captainscotty]

#SQQQ: Visions Of Tomorrow From The Permanently High Plateau

Mad as a Hatter

Somewhere, someone first said “bull markets don’t die of old age.” We suppose this throwaway phrase was first uttered in a time and place much like today. That is, in the midst of a protracted bull market where stock prices had detached from the assets and earnings of companies their shares represent claim to.





Presumably, it was used as rationale for why stock prices should go higher. Quite frankly, we don’t know why anyone would ever say such baloney. But it likely makes the person who emits it feel content about their place in the world and their brilliant wit and wisdom.

No doubt, the current old age bull market has gone mad as a hatter. Who in their right mind would invest their hard earned savings into a business for the opportunity to receive $1 of current earnings for every $26 invested? Aside from Swiss or Japanese bonds, or lottery tickets, we can’t think of an investment with shoddier long-term prospects. Can you?



http://www.zerohedge.com/news/2016-08-01/visions-tomorrow-permanently-high-plateau?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29