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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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November 18, 2013

Not a Bear in Sight

Posted Monday Nov 18 2013

An alert reader sent this link to Charles Hugh Smith  He points out the rapid rise in stock prices the last few weeks. We have posted numerous articles on how the retail investor was piling back in at the new top of the market. I see oil fell again today with stocks getting a bit softer.

This also reminds me of 1987 when stock prices kept rising while bond prices were falling. All of this bulish enthusiasm flies in the face of the negative mood  in the Real Clear Politics polls. We suspect one should be on alert.

Posted at 04:30 PM |

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