General Stock Ideas

[bigworld]

gfp: In the immortal words of Damon Runyon:"The race is not always to the swift, nor the battle to the strong, but that's how the smart money bets."
I may be wrong in my assessments of the current market conditions. I can only reference to market history and certain fundamental macro economic truths. There is too much market complacency with the VIX at record low levels. Evaluations are too high relative to earnings. Earning are "massaged" and even worse than these fraudulent CEOs are reporting using non-GAAP accounting. The breadth of the market is abysmal. Ten stocks gained $260 Billion while the other 490 in the S&P lost an equal amount.
Insider selling to buying is 11:1...When the market sells off the trading volumes are high. The opposite is true with the Central Bank funded melt up in stock prices. The retail sector is imploding and so is the restaurant industry. They are canaries in the mine of the overall economy. Governments are broke. Pension plans are underfunded. There are dozens of reasons we should be trading lower. There is only one thing keeping all the plates in the air....the Central Banks. Can it last forever? My bet is that it cannot. All of the Fed funny money over the last 8 years and the economy is still sputtering at best. I think we are going to get a correction sooner rather than later. But we'll see.