An additional question to those T.I.N.A. (There Is No Alternative) afficionados: How is the Fed. going to hold up a $40 Trillion capitalization US Stock Market that is already 1.5x the size of the entire US Economy??... (Hint: It can't!)
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... and since this depiction of the Gold Cycle... ... happens to be instructive, that also means that US stocks (among others) will get crushed well beyond anyone's wildest dreams. Bet on it! (Dow < 9999)
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As Graham & Dodd lamented in the depths of the Great Depression, “The notion that the desirability of a common stock was entirely independent of its price seems incredibly absurd. Yet the new-era theory led directly to this thesis… An alluring corollary of this principle was that making money in the stock market was now the easiest thing in the world. It was only necessary to buy ‘good’ stocks, regardless of price, and then to let nature take her upward course. The results of such a doctrine could not fail to be tragic.”
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