Just about everyone else I know in the world of finance and investments checks in on
www.zerohedge.com every day. Sure, those guys offer commentary that looks a bit "out there" and edgy to some, but in my opinion they're spot on far more often than not. They first became well known and gained a lot of readers just after the worst of the financial crisis about four years ago. And they also do more than just about anyone to expose banking industry shenanigans. The site is also fun to read and offers touches of humor.
And for those who still cling to a neo-Keynesian worldview, it will offer you some food for thought. I always encourage people to read plenty of stuff they think they'll be inclined to disagree with. Few people learn very much if all they do is seek to have their opinions reinforced.
Yes, the equity markets could continue to climb the proverbial "wall of worry" for a little longer. It just depends on mass sentiment. But I don't know very many investment professionals who think this is remotely sustainable over time, especially given our staggeringly incompetent, dishonest, and irresponsible federal government. We're experiencing "government by gimmickry." Continuing little crises are inevitable, and the probability of a "Black Swan" event of some kind is, in my view, uncomfortably high.
Many high net worth investors today are in a few selected trading positions and eyeing a lot of juicy short opportunities, standing ready to pull the trigger at any time.
Don't you think that ought to tell you something?
THE LAST TIME WE WERE HERE.....YOU KNOW THIS IS GOING TO END BADLY....
