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Peak Freak

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

At this point, we might as well just start pulling projections from thin air. Dow Industrials? How about a 50,000 target. Or 100,000, for that matter. NASDAQ? I dunno, 20,000? With new lifetime highs every day, and 99.999999% of the “investing” public utterly thrilled, anything is possible.

Liquidity moves markets!

Follow the money. Find the profits! 

It’s even more insane in the tech-heavy QQQ. The atmosphere makes 1999 look absolutely stoic.

Fears about the virus and a stumbling equity market feel like they are already years in the past, even though it was just two weeks ago. The VIX, which had been sub-teens, pushed up to just about 20, but, once again, has slumped into its wretched old ways.

I used to mention that our current POTUS didn’t have a dog, which was extremely unusual. But I was wrong. He does have a lapdog, and a terribly servile one. Woof.

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