The world's leading retail stock is hovering just above bear market. Deja vu of early 2016:
Now, recall how this year started:
January 24th, 2018
"The S&P 500 has already rallied 6.2 percent in January, posting only three down days and clinching its strongest showing since 1987"
Next, review last month:
Now combine 1987 with Y2K and 2008
In other words, financial advisors lie to their clients every single day.
October 29th, 2018:
Why do they lie?
Because they can.
"The Obama administration, which proposed the rule, claimed it would save Americans $17 billion a year from conflicted advice. The U.S. rule was weaker than what other countries have in place to protect investors"
Unfortunately, their stocks don't have the same immunity from reality:
ZH: Goldman Sachs' Proprietary Bear Market Indicator Nears Record High
Bonus question: In what month did this headline appear?
(Trick question. It first appeared in January and then it magically disappeared until this month, when the effects of human history's largest stock buyback had worn off)
