After the carnage in the markets last week and whipsawing volatility, investors must remember the adage: Keep calm and invest on… Read more...
playing high risk stocks
The Fed’s idea of creating an equity asset bubble was to make the market hit new highs so people got all warm and fuzzy inside, and with that wealth effect making them dizzy, they reached into their empty wallets and purses to whip out their credit cards to spend, spend, spend. Why? Because it feels good.
Feel good now? Because this is the new normal we're about to enter.