Propaganda Machine at Work: Headline hype ‘Unemployment Claims Drop’. Well yes, from 643,000 new claims to 631,000. Exactly 1.866%. Continued claims are now at 6.66 million – an all time record. (Source.) In other words, another 631,000 people lost their jobs and and so, naturally, the stock markets RALLY!
Why worry, be happy!
S&P 500 profits crash and and so, naturally, the markets RALLY! (Source.)
Can you say “PE bubble”? The current S&P 500 PE Ratio now far exceeds 2001 dot.com bubble levels.
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