Is it the money or the macro driving the stock market? Business Insider
Stanley Druckenmiller interview. Then note Barron’s cover story More Stocks; Fewer Bonds. Yea…
Rick Rule interview. “Under sequestration, government spending increases by $2.4 trillion over the next 10 years rather than $2.5 trillion without it.” Ron Paul
Yes, the stock market is priced richly says Doug Short here and here. Especially if today’s profit margins are a function of the credit bubble (Mebane Faber).
What a disaster:
And so are the fundamentals in this week’s missive by Grant Williams.