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Global stocks finally took out their old record highs today (as measured by the MSCI World Index).... and all it took was almost $10 trillion in global liquidity...


i hope i have time to move to some island somewhere before it all blows up, when the govt needs to start covering loses, burying gold in your backyard will not even be safe. 8/26/20
It’s the polar opposite of what I expected back in March during the white heat of the selloff. 
If a conviction takes hold among the monied classes that Trump can’t possibly win reelection or remain in power, despite his extralegal efforts to the contrary, all this might vanish. 
Otherwise it proves the truth of the ancient wisdom: “It can do anything ... ”. The Market can do anything. Anything at all ... . 8/26/20