Sheep Back to the Slaughter: Lessons from the Great Depression Part VIII

People just had to get back into the game again. This recent rally is nothing more than this kind of rally. There is no fundamentals to justify what is going on. All long-term indicators point to at least one to two years of strong to severe corrections. We are in massive debt (see above) unemployment will only keep increasing (see above) and the public is worried about capital gains taxes which the majority pay very little on anyways? Again we are talking distraction and avoiding the truth. That is, wages have been stagnant for a decade, we’ve lost our manufacturing base, and we’ve become a country built on trading paper and houses to one another in a game of financial musical chairs.