“We are in a massive bull market that is being generated by credit-led financial engineering,” said Brian Reynolds, chief market strategist at brokerage firm New Albion Partners, who analyzes pension fund allocations for signals of stock market values. http://www.reuters.com/article/us-u...MR20151223?feedType=RSS&feedName=businessNews
I swear these stories could have been recycled from 2007...Same stories, same type of commentary from the "market analysts"...It's like a bad re-run.
The best thing to do is to ignore all these media pundits, do your own homework and observe your surroundings (stores,streets,etc..). No one hands out free advice or stock tips.
Except that the "purposing" of internal cash flow / money used for R&D, dividends, and stock buybacks by corporate governance does have real world consequences for all of us; indirectly or directly, employment or unemployment. It's a piece of the puzzle that gives us clues into the macro equity trend and in the way the economy changes structure.