Market Insanity Reaches Record Highs As Investors Flock Into The Biggest Bubble In History

By: Steve St. Angelo, SRSrocco Report
GoldSeek.com
Sunday, 11 December 2016

Investors have forsaken all reason, logic and wisdom by rushing into the biggest stock and financial bubble in history. Even some precious metals investors are selling their gold and jumping into the markets hoping to make big profits as President Trump takes over the White house in six weeks.

Unfortunately, the worst time to jump into a market is when everyone else is doing the same thing. Of course, this doesn’t mean the Dow Jones Index won’t continue higher for some time, but the fundamentals of the economy continue to rot from the inside out.

No one really notices this as automobile dealers are now selling cars with zero interest rates, nothing down and no payment for 6 months. If this is the sort of business model the automobile industry has to resort to in order to continue sales, we are in big trouble.

Then we have these few headlines pointing to a worsening U.S. economy:

Restaurant Industry, Leading Indicator of US Economy Sours, Bankruptcies Pile up

The Housing Market Is Waving A Red Flag

These are just some of the many headlines pointing to an economy and stock market that is not heading towards better times. It was interesting to read that ESPN lost 621,000 subscribers in one month. However, ESPN has lost over 15 million subscribers in the past five years.

Market Insanity Pushes The Dow Jones Up To Tulip Mania Heights

The Rest…HERE

This entry was posted on Sunday, December 11th, 2016 at 1:06 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.