Obviously, I am in strong concurrence. One indicator that was bizarre however, was the VIX, which they say is "neutral" at 13.69.
The six year range in the VIX has been between 12 where it was last week and 90 where it was during Lehman.
So how the hell do they consider 13.69 to be "neutral"?
Let Them Drink Bubbly...
The real question on the table, is why with all of the unresolved issues that we face would anyone be experiencing extreme greed at this juncture? It makes absolutely no sense. Just today I was reading this article about the "sigh of relief" at Davos. Apparently financial markets have head faked everyone into believing that the worst is past, even though the wine soaked bureaucrats attending their phony Summit have made no economic changes whatsoever. The article then notes this obvious "disconnect" between financial markets and the real economy, and states that the "feel-good factor in the financial markets has yet to filter through to the real economy". No kidding. For the last million years of human history, it was the economy that drove the markets, but now in the era when Central banks levitate markets, we are to believe that history will now be conveniently inverted to where markets drive economies. All those bread crumbs falling off of the table, in the form of food stamps for the "ne'er do wells"...
As always, you can't make this shit up...
As always, you can't make this shit up...
