Awesome Stocks

[bigworld]

gfp: I used to see Art Cashin on CNBC years ago, when I still had cable. He was one of the only "straight shooters" they had on regularly. Some of the show hosts back then were a joke. Cramer. What an idiot. The human contraindicator. And he's still on that network. Rinear says the same things about the current market conditions. Lots of people went to cash last year. Then the market rallied faster and farther then they though possible. Now they've been pouring into the market in a FOMO frenzy. But Cashin is right. History and fundamentals don't justify current stock prices. Market breadth doesn't confirm it either. Sooner or later this market bubble will find it's pin, and there is a lot of air between current prices and the probable bottom. The set up is pure "bag holder" meets "rug pull". Eventually those higher interest rates and all those insolvent banks are going to trigger a sell off, maybe even a crisis de jour. The powers that be need a crisis to get their CBDC shoved down our throats. And they usually get what they want.