Put aside everything.
If you want to trade, be a trend follower, but let’s put that aside for a second too.
When does the economy recover? I don’t see it. On the backs of iPhone sales and tequila shots (no one ever stops drinking even when the economy is dead)?
Not happening. Let’s be straight. It all comes down to the millions upon millions of people who believe two precepts:
2. Stocks always go up.
When those people have their Aha! moment — we will be at the tipping point. “But, Mike the President talked about getting rid of fossil fuels soon and that will create millions of jobs.”
Look. I see pigs flying.