What, if anything, are people buying today in this 2 day selloff?, page-199

@Windham14 @madamswer - Ivan - you are completely right. It was QE 1,2,3 and Corporate Stock buybacks (on dirt cheap money, but debt, nonetheless) to raise EPS and so reduce P/E, that led to the cyclical bull of 2009-2015 (which you omitted). I've said it 100 times. I'll add , it didn't help IBM, master of this "financial engineering" since Lou Gerstner's days in the 90's, which has now had 15 successive quarters of declining revenues. This is a co. I know EXTREMELY well. Their products were my livelihood for over 30 years, and I consulted to them multiple times, including at global HQ, Armonk, NY (which no one has ever heard of, a small village in Wesctchester County, NY).

They (QE, buybacks) accounted for 100% of S&P Gains. I just get tired of saying this over and over..and refused to repeat myself, especially being rushed (but see below).
How people, very intelligent people are not aware of this ...amazes me. And that Member is unquestionably an intelligent and savvy Member, whom I respect, and follow, regarding the workings of Capital Markets. They are, however, simply not paying attention. I spend 16-18 hours / day studying all the data that comes my way (as well as studying history, geopolitics, and many other scholarly matters), at considerable personal sacrifice, and freely share the info. People get paid (handsomely) for this kind of thing.
"Moreover, I don't think one can point to the ''recovery'' of any stock market as being indicative of a recovery of the broader economy." Agreed. - While it's true that markets (S&P, to be precise) are a Leading Indicator for the Conference Board's Index of LEI, again you are completely correct, as you explained above, along with your other comments. I tried to show the XJO Board why everything is not awesome, on Post 17045529 dashed off the top of my head before running out to have a (rare) meal and meet real people. I'd ask you to kindly take a look, and would respect your feedback.

The people had left, and the restaurant (even more rare for me), but I had an (also rare) good day today after yesterdays' carnage (and Monday's), changed it's kitchen hours, closing at 10. No people, no meal, and I come back to a Moderated Post on XJO for explaining how CME Stock Index Futures work , on XJO ("Unlicensed Advice").
I worked on Wall St 26 years, but its true I don't have a RG 146. But I do have personal experience, more than 99.99% of HC members, I'd say, in markets that make ASX look like the goldfish bowl that it is.

The XJO requester was very pleased, since I used to trade Futures on CME in NYC. Again, people get paid handsomely for this. I wonder who reported me, I really do.
So, last time I Post there (even tho' the "gloom and doom" scenario of the (unrelated) Post 17045529 which I ask you to read - the REAL situation in the global economy, got 8 Likes... ancd counting.). Not a good evening.

The only thing I didn't like about your Comment was "gains that Gold is going to make over the next 10 years". I don't have that much time!
MUCH appreciated. Thank you. One of the good guys. This Board has the BEST people on HC.
Regrads
George