Monday, September 1, 2014

Full Ayn Randification: Then There Were None

Greed is not the basis for a long-term sustainable society

Those worshipping at the altar of the Dow will be the last to know. Literally:
The year/quarter each market peaked:

Large cap U.S. stocks? 
Canadian Stocks?
New Zealand Stocks?
Quarter billion dollar penthouse apartments?
Sovereign Ponzi Bonds?
Machine Guns?

I'll go out on a limb and say that machine gun prices peak last.

Puts this into perspective:

And this...number of new 52 week highs (there are 3200 total issues on the NYSE):