RacerX
Silicon Valley CA Bears H
- Joined:
- Aug 21, 2012
- Posts:
- 9,996
- Liked Posts:
- 8,547
- Location:
- Silicon Valley, CA
Imagine blaming the crash coming up on market sentiment for Biden. If anything the warning of just how incredibly fake the equity market is was made completely obvious in the full recovery after the covid crash. All the insiders got there's before the crash and bought it all back up while Mnuchin dumped 100s of billions into corporate bonds for added security.
Biden is the savior for this market, we need a 20-30% correction and then we can hope to ramp up with sustainable cost of capital and normalized PEs.
This country is jam-packed with uneducated morons, they see inflated values in their 401k and have no ability to recognize how illusory it is and how obvious it is that the markets will crash hard - long before they are old enough to cash out.
Someone once said something about a fool and his money.....