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Daily Archives: July 7, 2022
Secular bears end when animal spirits are crushed
Secular bear markets begin from a point of mass exuberance and over-valuation and end when they have crushed both into remission. The forward price to earnings (PE) estimate for the S&P 500 in 2000 was 26 versus a long-term mean … Continue reading
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Auto bubble bursting
Good overview of the auto bubble now bursting. $1000 a month loan payment #madness. Here is a direct video link.
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