Tuesday, March 11, 2014

Charlie Brown Market

Charlie Brown famously always kept trying to kick the football that Lucy inevitably pulled out from in front of him so he would fly in the air and crash on his back. I'm starting to think that Wall Street is filled with Charlie Brown stand ins.

Zero Hedge is noting that for the third time in 15 years, we're exhibiting the classic signs of market exuberance that precede a stock crash. It's like we've all taken leave of our senses and decided that it's socially acceptable to be suckers.