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Bloomberg Stumbles On The "Only One Buyer Keeping The Bull Market Alive"

Bloomberg Stumbles On The "Only One Buyer Keeping The Bull Market Alive"

Last week, when Bloomberg was celebrating the 7 year anniversary of the third longest, most central bank-supported, and thus "most hated" bull market in history, it said that  "investors are awash in angst, showing little faith the run can continue. They worry about contracting corporate earnings, slowing Chinese growth and uncertainty over interest rates. And they’re walking the talk by pulling cash from stocks at almost the fastest rate on record. It’s not unwarranted - the S&P 500 has gained just 0.5 percent in the last 18 months."

 

‘You Can See It All Over. It’s Unwinding’

“There is no way a man like Donald Trump has any business being president,” the man told me. “You can’t talk like he does and expect people to give you the authority to run the country. The problem is that there is nobody to vote for. Look at all the rest of them running. This is the first time in my life that I don’t feel confident voting for anybody for president.”

And later, with a look of pained resignation on his face: “I tell you, people who don’t think this country is in serious trouble don’t know what they’re talking about. You can see it all over. It’s unwinding.”

Why I Won’t Miss Obama

Noah Millman explains why he’ll miss Obama:

Like President Eisenhower, Obama will likely leave office on a note of caution to future administrations – but one that implicitly admits his failure to address a central problem in making foreign policy that he only belatedly understood. Like President Eisenhower, that hard-won wisdom is all but certain to be ignored by his successor, who will likely be either a full-throated liberal interventionist or an erratic, impulsive nationalist.

I am going to miss him very much, no matter who follows.

U.S. Authorities Consider Mandatory Mental Health Screening For Teenagers

U.S. authorities are considering proposals by the United States Preventative Services Task Force (USPTF) to screen all teenagers in America for mental health problems – in what some are saying is a push to increase the prescription of psychiatric drugs among the population.  The USPTF recently updated their recommendations on the screening of children and teenagers for major depressive disorder (MDD) in an article in the journal Annals of Internal Medicine. They demand that children aged 12 and older be routinely screen for MDD.

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