How Is This Anything But a Fed-Induced Bubble?

This is so obvious!

Dow Soars 553 Points Despite News of Record Decline in Profits

And despite this awful news, stocks soared once again and shrugged off the bad news to reach another high.
I laughed when one commenter at the end of the article said this:
"Who needs an economy when we have central blankity-bankers who can create unlimited "digital dollars" (Powell's term) to artificially boost the stock market bubble via infinite amounts of helicopter money? "

This Sounds More and More Bubbly! Meet the Everything Bubble!

...And it sounds more and more like the "everything bubble"! Look at these headlines today:

 

Meanwhile, stocks are setting new record highs, even as jobs weaken. Job weakness, by the way, is known as a "lagging" economic indicator! It is one of the last things to drop when the economy approaches a recession. 

Stocks Back Near Record Highs Following Trump Tweet

Stocks Soar on Good Trade News

Stocks soared today on news that Trump and Juncker reached a good trade deal. The S&P is just a few points below the highs reached in February.

Stock Valuations Continue to Rise to New Highs

This image of a margin-adjusted CAPE, provided by Hussman Funds, shows that stocks continue to reach new highs of excessive valuation.

Still Another Record High

"Oh, but this time is different," they say. Nope! That language is actually an expression of a bubble mentality! It is, itself, proof of a bubble. And every bubble in history has ultimately burst. There has yet to be an exception. This one will too!

This Bubble Gonna Burst

War Drums? Imagine The Real Thing!

If you think today's stock market plunge was bad, imagine what would happen if war actually happened! We wiped out about a month's worth of gains today!

Economic Data Stalls As S&P Continues Near Record Highs

How long can this continue? There seems to be a dismissiveness on Wall St of the economic data, even as the S&P 500 continues near a new record high this morning. Even the Fed's own data is showing weakness! This divergence will eventually close, and when it does, history suggests that it will be UG-LY!

Delusional Markets

And this is what bubbles are made of!

Stocks to Be Flat in 2016

Interesting Commentary about Impact of Earnings on S&P 500 Value

Another insight from commenter David Young:

Rounding, distribution top in progress, a classic chart formation.  If bear markets end around 10x earnings and earnings drop another 10% into 2016, we have a market adjustment potential of 65%.  Has trading volume on the NYSE been declining all year or what?!

JUST WAIT UNTIL A GIANT HAIRBALL OF A DEFAULT COMES OUT OF CHINA OR EUROPE OR BOTH IN THE WEEKS AHEAD.  The little snowball is already going down the mountainside, and is destined to become the size of the Eiffel Tower before this First Act is over.  It will have a lot of humanoid arms and legs sticking out of it before it come to a rest in 2018.

ME THINKS THE DEVILISH NUMBER OF 666 IS IN STORE FOR THE S&P500 ONCE AGAIN, ME MATIES!  And we will be doing good to maintain and not sink well below it with another $60 Trillion in debt in the world since the Fall of 2008.  Did I say FALL?!!!