ES highest high of the next four years?
- Thread starter MarkBrown
- Start date
Biden has mentioned his "plan" for $11-TRILLION in stimulus. If anything like that materializes, you can bet on skyrocketing new highs in the markets* AND inflation!
*In case you're thinking, WOWZA... think again. In the Turkish market of 1982-2005, their equity market went up 20,000x... TWENTY THOUSAND TIMES!... but even investors who caught the entire move up came up losers, big time. That's because the currency devaluation for that ramp-up was 1,000,000x. That is.... everyone who "made" 20,000 TIMES their money lost out on the currency devaluation... to the tune of losing 98% of their buying power. (A cup of coffee cost 3,000,000 Lira before the devaluation... 3, Lira after)
Bottom Line... Only a fool would hope for/celebrate a skyrocketing stock market based upon money printing!
Here's another story from memory....
Some regime back around Roman times wanted to print a bunch of money (for obvious purposes, of course... just like today). The printer wanted to get paid and was told, "just take some of what you printed for me"... and the printer replied... "No, I want real money/payment... like gold... not the crap I printed for you".
*In case you're thinking, WOWZA... think again. In the Turkish market of 1982-2005, their equity market went up 20,000x... TWENTY THOUSAND TIMES!... but even investors who caught the entire move up came up losers, big time. That's because the currency devaluation for that ramp-up was 1,000,000x. That is.... everyone who "made" 20,000 TIMES their money lost out on the currency devaluation... to the tune of losing 98% of their buying power. (A cup of coffee cost 3,000,000 Lira before the devaluation... 3, Lira after)
Bottom Line... Only a fool would hope for/celebrate a skyrocketing stock market based upon money printing!
Here's another story from memory....
Some regime back around Roman times wanted to print a bunch of money (for obvious purposes, of course... just like today). The printer wanted to get paid and was told, "just take some of what you printed for me"... and the printer replied... "No, I want real money/payment... like gold... not the crap I printed for you".
Last edited:
I think every top has got to be the highest. It's been proving me wrong for a few years now. 
Hah...it's been the highest high of the last 4 days...as long as today doesn't give any surprises in the next couple hours.
It has been quite high in the last 4 years. Let’s see what happens.