Fed Dopium and Bullshit Drove 93% of Stock Market Gains Since 2008
Each bull market "era" has a different driver: economic growth, debt, tech bubble. This was the official "Money printing" era i.e. the secret to effortless wealth. It's amazing no one tried it sooner...
Risks have never been higher so it makes sense that complacency is rampant. It shows that the psychopaths in leadership have been successful in conning the dopium addicts...
The Lack of Fear Gauge aka. VIX:
U.S. GDP expectations are tanking
Global growth is slowing
Global stocks are at a critical juncture
Commodities just had their biggest short covering dead cat rally in a year
Central Banks are out of ammo
Return on Equity lowest ever
Recession trade is on in full force
Capital markets are shutting down
WSJ: March 25th, 2016
Mass complacency reigns which means our "leaders" are doing their job effectively...
Another "Top Trade" Unwinds
The Japanese Nikkei was the top performing major stock market between 2013 and 2015. The currency hedged Japan ETF is now seeing massive outflows, down -30% at the lows...