"Great Stagnation" <- Heard it here first :^D

"deeply delusional?" Had I told you on Friday that the price of oil would go down to $1 a barrel today, would you have said the same? Had I told you in January that we'd be in a state of emergency tantamount to martial law, would you have called this idea "deeply delusional?"

"deeply delusional" properly describes these markets and the current political situation.

Perhaps, my friend, you need a good deep dose of delusion.

You have to separate what is in fact short term and transitional in nature and likely long term outcomes. I believe your long term beliefs are way off. The year 2009 helped illustrate why this is important; people went way overboard on the doom and gloom and many got caught watching the recovery from the sidelines ( or worse, shorted the hell out of the strongest aspect, US indexes ).
 
You have to separate what is in fact short term and transitional in nature and likely long term outcomes. I believe your long term beliefs are way off. The year 2009 helped illustrate why this is important; people went way overboard on the doom and gloom and many got caught watching the recovery from the sidelines ( or worse, shorted the hell out of the strongest aspect, US indexes ).

The ETFs going to zero is not a good sign though....that has been the source of fund flows. Another is stock buybacks which is also cancelled. These were both long term trends.
 
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