DOOM ON: Stocks have only been this expensive during the crash of 1929, the tech bubble, and the financial crisis

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You can only trade thin air for so long

So is it safe to say you are "Calling it?"

The asset "is" the stock market. With all the printing (leverage) going on worldwide, the only way to lower that leverage ratio while printing is to have appreciation in that asset. Hence the market full throttle up.

Understand ?

In other words it's a house of cards built on leverage from printing too much, to keep the leverage pillars from crumbling.

I've been bearish all my life, but I don't even own stocks I just think they're overpriced. They're overpriced because banks can and do issue non-secured credit, which lifts stock prices higher and when turnover of stocks is less than 2% (less than 2% people selling) they can continue to lift prices.

However when real selling starts they don't have any effective tools to stop the crash, that's what we saw in China last year when their government stopped selling of individual stocks for periods of time.

The central banks are enabling an overweight banking sector that by all counts should go out of business because the economy doesn't need so many banks, so much credit. But since banks can create their own currency, they can afford to buy off politicians and economists to lie for them.

They really are creating conditions that could completely destroy the world's economy should a cascading sell and collateral call chain emerge in the shadow banking sector.

So, will stocks crash now or at 25k or at 30k, I can't say but I can say these bubbles are never sustainable because they're all built on non-secured credit for the purpose of siphoning off the wealth of the middle class.

I haven't changed my opinion just because Trump got elected, I still think the lot of them are thieves in suits and we'd be better off exiling them off our island.

And another thing I find hilarious are all the people who admit the markets are rigged, and yet deny they could carsh because it's different this time.

This is such circular reasoning, if the central banks (commercial banks) can rig the markets completely, why would they leave stock prices high?

What is the number one rule of stocks? Buy low, sell high. If they can rig the market to stay high, why wouldn't they rig the market to crash by selling their stocks high and then entering back in at the new lows?

Must be liberal logic.

I don't hear anyone talk about this stuff like before and
i don't even know if saddle still comes around?
but all the issues over the last 8 years have never been addressed.
remember when china was going to drop value and there were
a couple strange , large explosions, and all the sancions
agaist russia?
don't hear shit anymore???

We are sleepwalking our way deep into the Long Emergency. The longer we delude ourselves and waste our energies in pursuit of reviving the failed “endless growth” model, the farther our journey back to a sustainable way of living will be when our current system collapses.