When Will the Fed Led 2020 Wall Street Bubble Pop?
… risk. Investment-grade corporate yields sank under 2.2% last week, which quite directly helps explain stocks’ elevated valuation. – CNBC
And this quote
Fed is making future-is-murky-and-dangerous noises, which is of course the reason for the open checkbook.
Let’s do some fact checking. Stocks are now trading near their peaks back in 2019. Two things about 2019.
1) The worldwide economy was singing. Companies were making money hand over fist. Things are a little different now, but you couldn’t tell that from stock market prices.
2) Even last year, when the good times …