I hope also by this Steemit medium to be able to open some peoples eyes as to what is happening with the Stock Markets. Every record of every type has been broken, multiple times, all in the face of the lowest volatility EVER recorded. The levels now are simply biblical. We have 6 years normal Stock market growth crammed into 12 months., but GDP remains more or less the same, as do wages. Demographics is reducing the number of people participating in work but the markets ignore this. They now also ignore even the most basic fundamentals ( RSI 90 for example ) , Bad economic data, bad NFPs, bad geo-political events, bad news and now, they are even trying to ignore increasing rates and the Bond market itself !! There are no reference points to this, Its just never happened before. We recently had a 1000 point gain in just 6 trading days. The FED have built the famous "everything" bubble. Now What ? This is the most baseless market rally on record. All apparently because of Lower Corporate Taxes, which will be higher than what the big companies pay anyway. It will only increase FED Debt, Govt Debt and deficits will expand as well. Whats worse, there is no exit plan possible.
I will be posting some thoughts on this in the coming days.
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