There is market euphoria… and then there is the Fed’s balance sheet. How can the market be so confident when the underlying factors for the market’s rise is pure manipulation? A freewheeling improvisational manipulation/experiment that will not end well.
In the ever evolving argument of holding paper gold versus physical gold we look at why ETF’s suck! If paper versus physical isn’t exciting enough we add to the argument and look at technologies versus gold.
Coming back to the idea of optimism we look at the incredible denial of reality and ask if the market can run on optimism alone, and for how long? We then look back at the last time optimism turned to pessimism to compare what a similar event might look like in 2020.
