I think this would be a good time to repost this video. It is as applicable today, if not more so due to higher valuations, than a few weeks ago. David Stockman delivers a very simple message. While the US Economy is hitting a major deceleration point and GAAP earnings are down 18%, the stock market is being driven ever higher into a fantasy land. And that can only end one way. I couldn’t agree more with David’s view and I highly recommend you watch the video below.
