Something To Ponder On A Sunday Night

Below, find something to ponder on a quiet Sunday evening.


If the demand for equities emanates solely from the corporate buyback bid and ETF flows…



…and buybacks artificially boost EPS…



…and three quarters of the rally off the 2011 debt ceiling crisis lows is attributable solely to investors paying more for a dollar of those very same artificially inflated earnings via ETF purchases…



then how is any of this real? 





Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s