The Knockout Blow People Will Not See Coming

Sunday, April 7, 2013
By Paul Martin

by Simon Black
ZeroHedge.com
04/06/2013

Have you ever done something really stupid, just because you were in love? Something you look back on and cringe, thinking “why on earth did I do that?” Of course. Who hasn’t? In the world of economics and finance, they call this ‘sentiment’. Consumer confidence, business confidence, investor confidence… these are basically emotional readings. Screw the numbers. To hell with the truth. It’s all about how people feel. It seems crazy, but it’s true. Right now, for example, ‘sentiment’ is telling us that the euro crisis is over. It’s telling us that the debt ceiling is pretty much resolved. And, after taking five years to reach pre-crash levels, it’s telling us that the stock market is once again safe for the average investor. Yet the numbers tell a completely different story. Something just doesn’t add up. Investors are throwing caution to the wind right now… ignoring the basic fundamentals and focusing exclusively on euphoric sentiment. (Or central bank policy). We can personally attest, and any boxer will tell you, that it’s the punch that you don’t see coming which knocks you out.

The Rest…HERE

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