China’s economy is slowing. Greece is on the verge of default. Corporate profits in the U.S. are slack. The U.S. economy slowed in the last quarter. Interest rates are starting to creep up as the Fed hints it will allow this to proceed faster soon.
All the things that were used to justify past stock market increases are tapering off or turning south. But the stock markets of the world keep going up and up and up.
Why it’s almost as if they are rigged for the benefit of the relatively few who still play there big time. But that couldn’t be so.
My new book: Gorilla Warfare Against The Bureaucratic State (Confessions of a Lefty Libertarian)