March Madness In The Stock Market

The stock market makes no sense whatsoever. People are either not very smart, very complacent, or are just not selling because they think they need to play the game of musical chairs. There are very few chairs to sit on when the music stops however and music will at some point very abruptly and bitterly stop. There is no sense or logic in the market action. It is a repeat of 2007, this time fueled by manipulation by the Fed and companies like Goldman through the futures and still going on and as spices we have complacency and stupidity that helped it propel to these unsustainable and ridiculous levels. Valuations and expectations of earnings for the future are ridiculous. Combining that with the fact that the banks balance sheets are a disaster and all the earnings were mirages and lies as were the Fed's "profits" this makes for a very interesting crescendo. There is a fortune to be made on the downside. The longer term safer way to make that profit is through tangible assets, but mostly through gold as it will do better than the rest of the tangibles in times of blood on the streets, which we will see in a financial and economic sense.