It all makes sense. Not! Since the Donald's very improbable election victory the S&P 500 index has risen by 19%, the Dow by 25%, the Russell 2000 by 26% and the Nasdaq index has returned 27%. On top of that, the Nasdaq has posted 54 record closes this year and is well on its way to exceeding the 61 records closes of 1999, which occurred, as it happened, on the eve of the great dotcom bust.
October 2017---The Quadruple Witching Begins
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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.