Legend has it that when the average Joe gets excited and starts buying, it’s time to hit the exits.
A lot of people are going to take a big hit.
The stock market isn’t going up because average Joes are buying; it is going up because 1) it is priced in inflated dollars and 2) because the best way to drive up a stock’s price is to lay off thousands of American workers and replace them with Asian slaves. Take the indicators that a strong stock market used to reflect for our country, and now apply it to the world. Labor costs are falling, but that is bad news for every American (and great for Asia).