by Dave Kranzler with Chris Marcus via Investment Research Dynamics
“People were purchasing bulbs at higher and higher prices, intending to re-sell them for a profit. Such a scheme could not last unless someone was ultimately willing to pay such high prices and take possession of the bulbs. In February 1637, tulip traders could no longer find new buyers willing to pay increasingly inflated prices for their bulbs. As this realization set in, the demand for tulips collapsed” – “Extraordinary Popular Delusions and the Madness of Crowds,” Charles Mackay
“So yes, in a way I’m saying we can keep going up while at risk of reverting at any moment” – NorthmanTrader.com
The market is melting up and indicators that a top is approaching are proliferating. This is one of the typical anecdotes that accompany markets nearing a top: On CNBC last Wednesday morning the hosts plus a couple guests were discussing the market and one of the guests said that value doesn’t matter anymore “it’s all about momentum.” I almost fell off my chair when I heard that because the “fundamentals don’t matter it’s all about momentum” was one of the mantras in late 1999.
Chris Marcus (Arcadia Economics) and I discuss the current stock market melt-up and whether or not it can be shorted with success and how to manage the risks of being short:
- Bidenflation Still Soaring, But Metals Dive -15% Since May 4th (Food UP 61.5% Under Biden, Gasoline UP 86%, Diesel UP 111%, Rents UP 16%)
- Your Standard Of Living Is Being Systematically Destroyed
- DIESELGEDDON – America’s diesel supply on verge of catastrophic collapse, leading to HALTING of food, fertilizer, coal and energy
- The Everything Bubble Has Officially Burst… The Time to Prepare is NOW!
- A Bizarre Skin Disease Is Mysteriously Spreading In The UK
- Cars Passing Through Chicago Being Attacked
- Sudden rise of unvaccinated children with liver damage, were breastfed (by fully vaccinated mothers)
- Now We Are Being Told To Expect Food And Diesel Shortages For The Foreseeable Future
- Seemingly ENDLESS clips of new WH Press Secretary calling literally EVERYTHING racist
- Statement from the Ukrainian 1st battalion of 1st company of 115th Brigade
Views: 0