Equities SCREAM Overbought as Credit Card Debt Rockets to Record High! Market Is Broken!
The stock market is supposed to be used for individuals to take shares into a company and if the company does well, so to can the shareholders. In tough times, the stocks will suffer and those holding shares will get burned. Today however, the stock market is a tool for the central banks to manipulate and control the populace.
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I will say for the thousandth time, the stock market can continue to rise as long as central banks print money and keep interest rates historically low. Based on all the data you have seen at The Money GPS as well as other sources, do you believe the market is overbought?
I really appreciate all of your hard work. Have watched many many of your youtube videos and glad to see them here, where I can pay respect without the middleman.
And I think the market is pumped up beyond what i ever imagined due to fed and corporate buybacks.
Thank you.
I never would have thought they would pump it up this high either. They have completely destroyed the markets. They will need to manage this market forever.
Extremely overbought is an understatement!
That's for sure!
I think equities will stay overbought until this summer but with might get a huge pullback after that. The new tax plan will bring more money in the us and corporations will use it to buybacks their shares. But this trick will only have a short term effect.
True. I wonder if the central banks will actually pull money back or they're just bluffing.