By now everyone has seen some version of this chart which we first presented a month ago and updated yesterday, demonstrating just how disconnected stocks are from reality.
And another,,,
SocGen's resident permabear (... for stocks, and permabull for bonds) Albert Edwards has seen it too, and he too is stunned by the ludicrous gap between reality and expectation, which he has been tracking for decades but never has it gotten as wide as it is now, because as he writes in his latest global strategy weekly:
We are in the midst of a monetary and fiscal ideological revolution. Nose-bleed equity valuations are being supported by nothing more than a belief that a new ideology can deliver. Meanwhile the gap between the reality on the ground and expectations grows wider.
more,,,,,
http://feedproxy.google.com/~r/zerohedge/feed/~3/PbxTtk6uT0I/albert-edwards-one-chart-proving-just-how-insane-market-has-become
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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