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bubbles S&P 500

This Index Just Hit Its Highest Level On Record

"I flipped on my computer and I was hit with a barrage of price alerts telling me some security was setting a record."

Early this morning, Bloomberg’s Andrew Cinko “flipped on [his] computer and was hit with a barrage of price alerts telling [him] some security was setting a record.”

Cinko was referring to the Bloomberg U.S. Financial Conditions Plus Index.

As Andrew notes, “the ‘plus’ includes markets that might suggest there are bubbles — including tech stocks and bond yields.”

 

Well guess what?

It’s now at the highest level ever – higher than the heady dot-com years and higher than that time when strippers were using one dollar bills to pay the mortgages on the five homes they owned. Have a look:

FCI+

There are a long list of caveats, but where’s the fun in that, right?

All you really need to know is that clearly, nothing can go wrong, which is why the best thing to do is Google “melt-up“…

MeltupWTFFullRetard

… read a story (or four) about dip buying…

BTFD

… and hope there’s not a one-eyed doctor with Asperger’s out there buying up swaps on something you don’t understand.

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4 comments on “This Index Just Hit Its Highest Level On Record

  1. So what’s wrong with strippers using $1 bills to pay mortgages? It’s legal tender & those working girls earned it. LOL

  2. quote “and hope there’s not a one-eyed doctor with Asperger’s out there buying up swaps on something you don’t understand.”

    Nice HB, if not for watching a certain movie i wouldn’t have gotten that reference.
    According to the movie’s ending “he only buys water now”…
    I am sure they took plenty of liberties with the movie but its nice to know they seem to have gotten that part right.

    thx
    bob

  3. stevenw611

    One of the big short guys is warning against the Canadian Housing Market. http://business.financialpost.com/news/economy/eisman-warns-canada-housing-heading-for-slump-cibc-most-exposed

  4. When will Trump euphoria flame out?
    Not until the Trump deniers understand that the sillier they get, the more
    intensely his message resonates….

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