The robo-machines were raging yesterday----buying indices and ETFs hand-over-fist in a run to tag new highs on the charts. The particular shiny object of attention this time was the Russell 2000 (RUT)---the basket of small cap stocks of mainly domestic companies.
Irrational Exuberance On Steroids
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.