Authored by Raul Ilargi Meijer via The Automatic Earth blog,
“The Cost of Missing the Market Boom is Skyrocketing”, says a Bloomberg headline today. That must be the scariest headline I’ve seen in quite a while. For starters, it’s misleading, because people who ‘missed’ the boom haven’t lost anything other than virtual wealth, which is also the only thing those who haven’t ‘missed’ it, have acquired.
Emerging Markets ETF (EEM) did something this week, it has been unable to do numerous times over the past 5-years. Below looks at the price pattern of EEM over the past 10-years.
CLICK ON CHART TO ENLARGE
Puerto Rico without electricity, wifi, ATMs shows importance of cash, gold and silver
President Trump continues to exuberantly promote the "unprecedented" stock market rally since his election...
It would be really nice if the Fake News Media would report the virtually unprecedented Stock Market growth since the election.Need tax cuts
— Donald J. Trump (@realDonaldTrump) October 11, 2017
But just how 'unprecedented' is it?
The answer is not simple.
Via Dana Lyons' Tumblr,
The persistence of the recent stock rally is nearly unprecedented in the past 50 years.