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I am gobsmacked, this rally is the most overdone, over the top event I have ever witnessed... FTSE looking at a 10% gain in a day.
But nothing fundamentally has changed.
Asset values are still falling.
The level of corporate debt is still the highest on record
The level of consumer debt is still the highest on record
So many things are so over leveraged. This is just building a bigger house of cards.
Everyone is just expecting another huge bull run, and no-one wants’ to miss out …
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one”