The blowup rally reminds me only of one other time, 1987. The start of the great bull generation. In that scenario hyperinflation was the problem. The 10 year went from 7 to 10 percent with no signs of letting up. A 44% run that year in price till we stalled.
The FED to the rescue. Now they can do what exactly? Lower rates even more? QE that never stopped, just add some new fanged way to inject worthless money on top of this? heck the world mortgage debacle only lasted less than 2 years.
I guess like the coup of our democracy no one can see it or even if they do their interpretation would be beneficial for our economy. In all instances we humans have the greatest capacity to be fooled and get rewarded by being fooled with even more foolish price advances.
87 was a minor blip in the charts, 2000, 2008, 20018 all the same. the laws of economic physics is that what goes up stays up. The silly worry over dollars valuation, debt, spending can be dismissed once and for all. the proof? Why the last 100 years.
From now on all decent drops will either happen intra-day, overnight or weekends. All will vanish just as quickly.
In all the other drastic drops how much of a warning did we have? in most cases the opposite was true. they were down right giddy.
Today no one can explain the 1929 crash sufficiently. No one can explain the 1987 sufficiently.
I look at AAPL. TSLA, MSFT, AMZN, GOOG and say to myself we truly are in a new era of fast growth high profits. A long long era. What could possibly derail it? Even if it derailed why would that not just set up for the next great accelerated leap.
