Jester,
"It's utterly crazy to me that just a few short years ago
people were openly mocked as tin foil hat wearing clowns for
suggesting CB's were supporting equity markets, and now look where
we are, with major CB's openly buying shares and admitting they
take cues from the market too."
Yeah, totally agree. But will we still be lliving when the
sh*t finally hits the fan? How does one invest in such a market? (
And you, with your style may say 'Don't - trade it short
term.
Yeah, I looked at EA's price for fun just a bit ago and
$114 floored me.
The only thing I've seen that's weirder, (and I
unfortunately have a stake in them) is oil giants like Conoco
Phillips, which have had the stuffing beaten out of them, and have
a forward PE of 185$
!!! They did recover some from the bottom, but
still.....it's a damn sanity test to buy a stock like that. They
ought to have a tinfoil hat party at their CC's.