[Shaun @ Tru6]

Originally Posted by MRM

Paul, I wish you would stop reading Zerohedge. It is not just an unreliable source, it is a deliberately false source. The authors (there are apparently two or three of them pretending to be a staff of 40) manipulate their readers by making up a bunch of stupid stuff that sounds just plausible enough to convince people that the apocalypse is coming. In other words, they are not just lying to you, they are playing you for the fool. You are too good and too smart to let yourself be misled by them.

The economy will someday stall, the stock market will some day crash. But it's not crashing today and it's not likely to crash tomorrow. It's unlikely to crash any time soon because of all the trillions of dollars being repatriated through the tax change and the drop in overall corporate rates. Frankly, rising interest rates are the sign of a healthy and improving economy. Rates have to get back to realistic and sustainable levels. The Fed is making a good start at weaning us off cheap credit and getting the economy back on sound footing without causing a market shock. When things do go south Zerohedge will be there to tell you they predicted it. If you say the same thing long enough it will eventually come true.

Anyone who tells you they know when it will crash is lying. Even the guys in The Big Short who correctly read the market almost starved waiting for the market to come back to earth. Tabs has a good handle on the fundamentals of the economy but he lost objectivity in predicting doom and gloom and now he only announces news and analysis that supports his prior prediction. Zerohedge makes its money selling scares to people who want to believe the world is on the edge of collapse. Zero hedge is fine to read for fun or to see an (extremely) contrarian view, but it's nothing anyone should rely on. Kind of like the New York Times.

Bless you.