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The Nasdaq Has Become The Biggest Circle-Jerk In History

By: capt_nemo in FFFT3 | Recommend this post (3)
Sat, 07 Mar 15 8:01 AM | 46 view(s)
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Submitted by Tyler Durden on 03/06/2015 18:26 -0500

Insider Selling
NASDAQ
Sovereign Debt

inShare

In the aftermath of Marc Cuban's oped from two days ago, that the current, second tech bubble is worse than the first dot com bubble of 2000, there has been much anguish by those deeply invested (on margin) in (bio)tech stocks, to demonstrate that the Nasdaq at 5000, or Biotechs trading at 50x or 5000xP/E, is perfectly normal and the global central banks' $13 trillion in liquidity has nothing to do with it. Of course, the answer who is right and wrong on this issue will not be revealed until after the current bubble pops.

Luckily, there are some very clear clues.

http://www.zerohedge.com/news/2015-03-06/nasdaq-has-become-biggest-circle-jerk-history

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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