QUESTION ASKED AND ANSWERED:
Shot: Is Anyone Willing To Call The Top Of The Everything Bubble?
Are there any limits on irrationality? Apparently not. But there are still limits in the real world and central bank liquidity is distorting the real world, not just the imaginary world.
At the grave risk of twisting in the wind as the S&P 500 goes to 5,000, 10,000 and 100,000, let’s call September 2021 the top of the Everything Bubble. Can extremes become too extreme to continue higher? We’re about to find out.
—ZeroHedge, today.
Chaser: Millennials will power a bull market in stocks for decades: Ark Invest’s Cathie Wood.
“So many people ask me, ‘Are we in a bubble?’ We couldn’t be further from it. I do not believe that the average investor understands how productive these next five to 15 years are going to be [for stocks] as these S-curves feed one another and enter exponential growth trajectories that we have never seen before,” Wood said.
—Yahoo Finance, today.
Hangover: Gloomy Americans give Biden low marks on Afghanistan, COVID and economy.
—Liz Peek, Fox News today.