![The Bubble That Never Pops (It’s Been One Trade For Half A Decade)](https://i0.wp.com/heisenbergreport.com/wp-content/uploads/2020/08/BubblePhoneAugust.png?fit=1152%2C632&ssl=1)
The Bubble That Never Pops (It’s Been One Trade For Half A Decade)
"We are in a deep recession, yet the stock market has completely blown it off", Duke's Cam Harvey, the godfather of yield curve analysis, told Bloomberg this week, during a podcast.
It's true. Stocks have "blown it off", in the process "blowing" through February's pre-pandemic records to fresh all-time highs, even as concerns over leadership, breadth, and valuations permeate the thick summer air.
It says something about attitudes when the only sign of angst is investors' preference for the nam
H! Have you just called the top???
What happens to the rest of the market when it pops?
that will be the real problem … at this point I’m guessing Fall / 2021…
“…whose business model almost literally involves pumping free money out of pipes in the desert”
Well-written as always, but this phrase really stood out.
Thanks. I liked that too