Authored by Michael Snyder via The Economic Collapse blog,
The only other times in our history when stock prices have been this high relative to earnings, a horrifying stock market crash has always followed.
S&P futures gave up early gains and were trading down -0.2%, as Donald Trump completes his first Asian tour and as pressure mounts on U.K. Prime Minister Theresa May, sending the pound plunging. European stocks fell, tracking many Asian shares as the Nikkei plunge accelerated.
Authored by Sven Henrich via NorthmanTrader.com,
I feel compelled to keep documenting reality to raise awareness of the ever larger market dangers which keep lurking underneath the current bubble. Indeed I keep seeing a great void not only in awareness but also in price discovery that have propelled markets to current levels leaving investors and participants ever more lulled into a false sense of security by the current unprecedented phase of volatility compression.
Credit markets to stocks this week...
Authored by Sven Henrich via NorthmanTrader.com,
I can’t help shake this sinking feeling: This tax cut package that is being peddled by the current administration is a scam. Why? Because the entire narrative is dishonest and predicated on false, make belief premises.