Friday, March 21, 2014

The Bubble Is Still Intact

Meanwhile, I sent this text to a friend yesterday:
All this today:
Unemployment claims were unexpectedly high, US sanctions on Russia, Russia is retaliating, housing is tanking, existing homes sales drop 18%, Philly Fed employment lower, Caterpillar sales drop 15 months in a row, largest steel maker in China defaults on debt, Russia now threatening to invade Estonia, and Wall st thinks stocks are worth MORE today vs yesterday. This is classic bubble!