FANTASYLAND

What if you took out 100 weak companies losing money from SPX 500 and replaced them stronger companies growing their business…..overnight…..how could you compare that with any past performance? Companies DO go in and out but usually just a few at a time.

GAO suspension of mark to market created fantasy, these fantasy earnings are now majority of SPX 500 earnings revival……maybe that;s why dividend yield is a scant 1.9%, hard to give out phoney earnings.

Fed action DID get people buying, spending building hiring after 2001……but this time it hasn’t worked…..and maybe is making things worse….is

Those engines not available to goose…..almost 5,000 Dow points in 12 months….well friends we SHOULD see more evidence of this V V BOOM!!! shaped on the streets.

A rally built on FALSE hopes and data…with a historic low PCE deflator..still falling….flagging small biz confidence, the engine of job creation…..I like to say ‘castles built of sand , slip into the sea eventually”

Duratek