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Are not they are welcome.
Which makes all of this just lacking because that this is a boom I think -- just gone bust tonight investor -- Levy -- why we're missing the bigger picture.
We're still a big mess you know I think -- that's what we're missing here I mean.
I'm all for -- things getting better content doesn't mean they're still not bad.
The biggest issue I find -- is that people are having a problem finding a compact.
Harrison for this value right.
To find value for anything needs seventy compared to what can we compare the current state of the world to he -- to the -- -- depression there's a totally different situation back then.
I think right now the problem the biggest problem that we're facing as Americans as investors a reason why we're seeing this sort of bubble building a stock market -- everything seems to keep going up.
Is because there is no alternative there is nothing else to invested you can't buy bonds they're going to be crap you can't buy out foreign stocks China India Brazil they're all going down the toilet so -- -- -- attorney US equities -- turning to companies like Linkedin you're turning other companies to have.
No earnings whatsoever FaceBook is coming -- they're actually coming down in their earnings people are pushing they are yearning and dying to get themselves.
Into that stock and that.
I believe -- is the biggest problem.
Orbital and doing that part of it where they're looking again you know this -- of economic worry.
And and and and and and taking a ride in this market nevertheless.
That could be a positive sign you're Smart and and I and the stuff I have no idea global worries me is that.
At this stage -- recovery of course.
We shouldn't be looking at numbers like this that's besides the point what is the more worrisome point and trend from -- Is how grateful we are for for I mean the most modest.
I don't feel that way you know it's funny VI I I myself have been -- just believer in this rally sort of since it started.
And and when you look at the data right like let's compared to last year last year the first.
34 months of the year let's get the jobs there are on the rise the upswing that maybe report with the eight pacs and from there it just tumbled down we all know what happened in August.
Here it's crazy like you said we've actually been declining for the past three months.
And yet people are cheering it on were perhaps approaching.
The worst month perhaps approaching that you know we're the pinnacle may be may and then from there we fall off a cliff and -- again I don't know.
You know for my own sake say yeah let's let's go wanna just buy everything -- -- -- be OK I.
I can't believe that.
And we look at earnings and you see them you know deteriorating I'm talking about top one you see revenues deteriorating and the bulk of companies out there losing faith.
Where is this this energy coming from I personally think a lot of professionals are just backing off.
Delaying the retail -- -- -- things up they're slowly laying out some of their position.
And I think the retail investor to be stuck on the bag.
Really sort of see Internet that's this is suckers rally and it -- maybe some -- promise.
Yeah and think about this is another thing that to ponder.
And think about the fact right did you you've got sort of this.
It's this complacency talked about it right everybody sort of getting more more comfortable -- sort of turning a blind eye to a lot of the the data that we would normally look at right normally the warning signs that are there you know ringing like crazy and and sending people running.
Now not so much.
The issue I wanna bring up is that the complacency.
Worse volatility in my mind that what we saw last year -- we saw 1050% whatever correction was I think we see perhaps.
50% more of that you know and now I'm I'm looking more of -- -- of an 18% correction because of China false I don't think -- actions -- fall it -- here it's faster than we anticipate.
In terms a growth.
India continues its deteriorate and we don't see -- demand growing in Europe that's an obvious.
Where is gonna -- to get their money.
And again so I'm I'm -- on the side of we continue to not lower and I think it goes really far really fast come June July -- see a couple bad data points.
Man oh man to our great avenue regardless of -- Forecasts thank you very much cuts should try to be post actually up our ability well if you are looking to get a gauge that.