“Speculative Energy in the Market is Incredibly out of Control”

This market has been an astounding experience for people who’ve traded through the prior stock market bubbles and the last three crashes, who’ve seen a national and several regional housing bubbles form and implode, who’ve seen the subprime-auto-loan Asset Backed Securities bubble blow up in the mid-1990s and again during the Financial Crisis, and now it’s starting to head the same direction again. But no one can remember ever having seen markets like these that have formed the Everything Bubble.

 

 

 

 

 

https://wolfstreet.com/2020/02/14/speculative-energy-in-the-market-is-incredibly-out-of-control/