Replies to post #150223 on SPDR S&P 500 (SPY)

[kitchenboy]

reality will set in come nov-jan. that is when I will go long. until then it is scalp season!!!

[imiloa]

imo, reality left the US economy decades ago when we left the gold standard.
and the markets are the extreme example of economic suspension of disbelief.

so many examples of this.
26 P/E ratios...
distorted job creation stats...
free money to banks & corps...
carry trade debt for stock buybacks...
CEO salaries...
offshore tax shelters, allowing the elite to funnel billions annually out of the US economy!
the repeal of Glass-Steagall...
Citigroup writing the repeal of Dodd-Frank...

all while they tell us everything is fine
and all that wealth will somehow trickle down to us
even though it's illegal to bring it back into the US without paying taxes on it...
;-)