The equity market is responding to the federal government as they spend like "drunk sailors on Saturday night." Sunday morning will come when the people (consumers) realize the government is spending their money. The government is betting that the people can be bribed with the own money and the corporations are placing short term bets that consumers don't and won't care. Greed is the sin for both corporatists and consumers.
"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."
―
Sent from Mail for Windows 10
From: Mark Morrison
Sent: Friday, April 2, 2021 8:38 AM
To: TSPStrategy@groups.io
Subject: Re: [TSPStrategy] Still in G?
" I haven't heard a single stock market analyst say that the market is NOT overvalued right now. There will be a correction, it's just a matter of when." Just so Dave, a correction is just what I'm waiting for to reinvest in equities. But, how long now have the market analysts been saying the market is overvalued? It is a matter of when, but it is also a matter of how much (correction being 10% or more pullback).
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