Look Away

If you are still of the belief that the stock “market” is a market of stocks idiosyncratically valued based on the aggregate of investors weighted expectations of future earnings potential, we highly recommend you look away from the chart below. If, however, like Rick Santelli’s “something is wrong” comment or Carl Icahn’s “it’s all a mirage” perspective, you have some doubts, take a glimpse at the ‘fundamental’ reality you are betting your retirement on…


(h/t @Not_Jim_Cramer)

and as we noted earlier – this is with a falling USD… what happens (as with Europe) when the USD ramps next – on the back of another “Whatever it takes” moment from the ECB?


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