Nothing new about this, except that it's beginning to become obvious to everybody that the relentless ramping of stocks by central banks and their cohorts in the commercial banking sector (think Goldman Sachs, JP Morgan Chase, Bank of America, Citibank, Morgan Stanley) cannot continue uninterrupted.
On the other hand, it's been going on for a lot longer than anyone could have possibly expected...
The big questions are:
1. When does it end?
2. How does it end?
At this point, nobody in the financial world even has a clue, including people as bright and provocative as Doug Noland, who has been authoring the Credit Bubble Bulletin since the late 90s.
His recent interview podcast by Chris Martenson of Peak Prosperity is incredibly prescient and offers insights into the global credit bubble that cannot be found anywhere else.
It is highly recommended listening.
At the Close, Monday, December 11, 2017:
Dow: 24,386.03, +56.87 (+0.23%)
NASDAQ: 6,875.08, +35.00 (+0.51%)
S&P 500: 2,659.99, +8.49 (+0.32%)
NYSE Composite: 12,668.21, +25.15 (+0.20%)
Tuesday, December 12, 2017
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