Brent, I really believe you have your finger on the pulse of America.
But there are more comfortable places to check our pulse than up our dookie holes.
Current s and p 500 price to earnings ratio around 25. Historically P/E ratio in times of recession is around 16/17. Hence market still way overvalued. Look out below!
In 1987 October 19 we had black Monday where the market went down 22% the two prior trading days on Thursday and Friday each went down about six or 7% just like we had last week. Can you imagine if we go down 20% tomorrow
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But there are more comfortable places to check our pulse than up our dookie holes.