Just to clarify - Trump said nothing new at all - and added no detail, another major US retailer blew up, 'hard data' disappointed (soft surveys gained), Fed speakers were the most hawkish since Volcker, and The Dow soars 350 points to top 21,100... makes perfect sense...
Via Michael Lebowitz of RealInvestmentAdvice.com,
“Today’s equity market valuations have only been eclipsed by those of 1929, and 1999.”
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Insanity Prevails In The Stock Market
Posted with permission and written by Dave Kranzler (CLICK HERE FOR ORIGINAL)
"One man alone cannot make 'America great again'. That you have to realize," warns Marc Faber, the editor of "The Gloom, Boom, & Doom Report," reminding the world that the US stock market is vulnerable to a seismic sell-off that won't be caused by any single catalyst. His argument: Stocks are very overbought and sentiment is way too bullish for the so-called Trump rally to continue.
http://player.cnbc.com/p/gZWlPC/cnbc_global
Via Kevin Muir of The Macro Tourist blog,