You Still Got Your 401k Money In Stock Funds?
this from today's column by Rick Ackerman
Stocks have become intoxicated with easy money, revved up like a Lamborghini driven by a guy with a blood alcohol level of 3.0. The heedless, suicidal ascent of shares has become so blatant that even CNBC’s talking heads no longer try to reassure us that stocks always climb a wall of worry. No such thing is happening here, and everyone knows it. Stocks are climbing simply because making them climb has become the obsessive concern of a central bank that long ago exceeded the threshold of reckless desperation. At 220 mph, the Lambo is headed into a tight turn with no brakes.