WHAT DOESN’T MATTER:
Record #Debt
Ballooning #Deficits
Inability to normalize #InterestRates
Record stock valuations
Zombie corps
CAPE ratio
Profits
Price discovery#Monetary #inflationWHAT MATTERS:
Stock buybacks
Unbridled unjustifiable enthusiasm
Warren Buffet quotes pic.twitter.com/eIWPumSZoK— OW (@OccupyWisdom) October 16, 2018
QE is over
QT has begunStock buybacks are almost finished
Tax cuts are temporary
No QE = S&P 500 down -30% in a #bull market….
Via @MI_Investments pic.twitter.com/F1LmbfNNlG
— OW (@OccupyWisdom) October 16, 2018