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Author:

Jam ok

Subject:

Off Topic

Date:

06/07/17 at 3:07 PM CDT

 

 

READ: 4

RPLY: 1

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Sentiment:

Neutral

Reply to:

MSG`#4330,`06/06/17
By Jester Debunker

 

Re: How the Fed is likely to reduce its balance sheet

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.


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