Was shopping yesterday. Overheard someone talking in a group of shoppers. One guy asked what where down markets like. Know one knew, they all shrugged there shoulders. I told them never a down day in the land of perfect....where everyday is an up day, and everyone is a stock market millionaire.
None of this matters when the FOMC controls the markets.The old timer who wrote this article has been bearish for the past 2 years. If you took his advice you would most likely be sidelined.
FOMC pouring free money into the markets. The taps are wide open. The strongest market and economy in decades, yet the FOMC is flooding the markets with money like we are in a depression. Why is this happening, very simple. Trump cried for more and more and they gave it to him, simple as that. Some will say it's the overnight repo markets, don't believe that, it's the only cover they could think of. https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
My niece was down from Seattle, she is attending collage over there. She told me she knew people who where making 60k and could not afford housing and where living in tents. The government can only do so many things to hide inflation. Its real they just rig the data to give them the readout they want. Rigged economy, all courtesy of the FOMC.
The one way we have to take advantage of this free money party is to leverage up and jump in.The possibility of a market crash are slim to none. Buy today not a problem. The FOMC has you back.