This year alone, the S&P 500 is already up nearly +27% and looks to climb a lot higher.
And yet, thanks to irrational fears, many excellent stocks are still "on sale."
It's quite sickening to see this spruiking going on.
Stocks massively overvalued according to the 'Buffett Indicator', the indicator Warren Buffett favours above all others.
The US is in an earnings recession.
Dr Spruik mentions 'strong GDP', while he doesn't mention GDP growth which is actually pretty weak, and certainly nowhere near the 4% - 6% Trump was promising.
Low interest rates are great? Perpetual low interest rates signal an economy that is flatlining, low interest rates promote malinvestment and increasing corporate indebtedness - as evidenced by the growing number of 'zombie corporations' in the US.
Three-fourths of earnings recessions since World War II have morphed into economic recessions, said CFRA Chief Investment Strategist Sam Stovall, who told MarketWatch that he has been “scratching his head” trying to reconcile analyst pessimism around earnings with continued stock-market rallies.
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