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Everything Shiny with the S&P 500?


Earning for the S&P are coming in at over $130, above expectations, with every prospect of rising further in coming years.  Share buybacks ensure a healthy prices and dividends.

How to price in coming disasters?   Unfunded pensions, absurd P/E ratios, a coming lack of central bank liquidity, rising rates, lack of productivity etc etc

Will these factors show up as a lack of confidence, and hold back any recovery following a correction?  Probably.

How likely is a correction?

Theres immense correlation between the Fed’s Balance sheet and the S&P 500. 




Both the Fed and the EU central bank are making noises about withdrawal of money from the system, This makes a correction a real concern but can we be assured of a recovery?

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