Even at the market lows a few weeks ago, the S&P 500 was down just 34% from its highest level in history, and remained at valuations that were 2.3 times their historical norms.
As Ben Hunt of Epsilon Theory observed last week, “This is the Greenspan-Bernanke-Yellen legacy: a financialized political economy where the preservation of asset prices is our government’s primary objective.”
DYI: This stock market
decline whether induced by the Corona-hoax* or simply a house of cards that
fell due to massive overvaluation was going to happen sooner than later. Valuations remain obscenely high with 10 year average annual estimate returnof 2.37% with dividends reinvested. Not
much to write home about and certainly not a wealth builder return! This bear cycle is not finished as there will
be more downside to come over the following weeks. However as I have noted there is one bright
spot with the oil and gas industry in the bargain territory!
*Please go to
153news.net their videos are not censored showing conclusively that what you
are seeing in the propaganda spewing main stream press does not line up with
what is actually going on.
Till Next Time
DYI
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