Key insights
- The author expresses strong skepticism about the current state of the stock market, arguing that it's detached from fundamentals and driven by speculation and central bank money printing. They believe market movements are increasingly arbitrary and resemble a Ponzi scheme, questioning the validity of investment strategies in such an environment. This viewpoint suggests a bearish outlook for equities, driven by concerns about unsustainable valuations and market manipulation.
It's been pretty clear for a long time now the "market" is not attached to any semblance of reality...
indices, commodities and stocks no longer appear to be trading on anything that fundamentally matters theres almost no technical or analytical basis left to investing & trading.
When You can see a 20% swing on the back of a social media post , its just gambling
Everything dodgy in the market gets justified or legitamised with "it's priced in" which feels similar to a guilty teenager being caught up to no good and saying " it wasn't me"
I think the stock market has become more of a scheme to rotate money printing from central banks into the economy to keep it from collapsing / imploding.
And yes theres the argument that you can just keep buying as "stocks always go up" but then i struggle to see much difference to a p.onzi scheme
its all quite comical that people think their genius for "investing" or picking a stock that goes up when its all rigged to go up anyway
this post will probably get deleted but yea wonder if anyone else is looking at it and thinking the same