Thursday, November 21, 2013

Bubbles Abound!

Fox Business headline today:

This headline on Fox Business today. Despite this, stocks are UP 100+ points today! I ran across an interesting quote the other day. A Wall St analyst said that all of Wall St now knows that they are "playing a game of musical chairs". He admitted that they acknowledge that when the next financial crisis trigger occurs, and the music stops, there will be a panic and a mad rush for the exits. But only the lucky first few will get through the theater exit doors safely when the shout of "Fire!" is heard. Everyone else will get burned. But on Wall St, EVERYONE believes that THEY will be one of the lucky few.