USA Today, a newspaper favored by the illiterati of America with IQs solidly in the upper double-digits, did me a service today by publishing this on their front page………..right at the top:
So there you have it, folks. Now that the stock market has risen steadily for four and a half years and just about tripled the prices of most major indexes, USA Today goes out on a limb and says they are a great investment. After the fact.
They go on to assure you that the rally is not just from the Fed “sugar-high”. No siree, Bob. So you go out there, Ma ‘n’ Pa Kettle, and buy up some of them there stocks that Mr. Cramer is talking about.
I, for one, welcome our new bullish overlords. They’re just like the ones from the summer of 2007, except this time with even more “cusp.”