SPX: The Biggest Non-Bubble In History
Wall Street claims U.S. markets are not in a bubble.
Ooookaaaay...
Take a look at this monthly chart of the S&P 500 Index (SPX)...compare the rally, to date, from 2009 with the two prior ones leading up to August 2000 and October 2007...and judge for yourself.
No bubble?
How about parabolic, then?
How much longer will the Fed continue to soft-pedal increasing domestic and global risks to economic and market stability, inflation, and national/international security issues, etc., by flooding markets with endless money-printing measures?
At the time of writing my post, every U.S. taxpayer is liable for $227,474 of the national debt.
How much longer will Wall Street continue to ignore and downplay those issues?
We'll see what happens....but the fall is likely to be spectacular and unprecedented.
(Click on image to enlarge)
(Click on image to enlarge)
Disclaimer: All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are ...
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