AT THE CORE

How many $TRILLIONS and 0% FED FUNDS RATE been thrown at the deflating economy to see this limp result for CORE INFLATION?

Now do you understand why 10 yr Bonds yield sub 3%? YES, the bond bubble will burst, but there are still a few smart economist who think that bull may have another year or 2 to go....as most investors of the avg ilk seek income not risk.....that leaves WHO to buy this overvalued stock mkt?

You see, we had been in a bull mkt since 1980, some say as early as 1974....1982 is the yr most refer to, til either 2000 or maybe 2007......after such a LONG RUN, what follows to reach a bottom for the next run a SECULAR BEAR...at those bottoms we find 5% PLUS yields on the SPX 500 (currently 2%) and PE ratios in single digits.

If we refer to history...we ain't there....

D