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I'm not sure if you've been paying attention to equity prices. EM crisis, yield curve flattening, currency volatility, upcoming rate hikes, near-record P/E rati
by daxorid 8y ago
I'm not sure if you've been paying attention to equity prices. EM crisis, yield curve flattening, currency volatility, upcoming rate hikes, near-record P/E ratios, NONE OF IT MATTERS. Investors are bidding the ES and the QQQ to infinity no matter what the economic reality on the ground is.