The Tragic Bull Market Culture

``... people are still speculating, still buying the overpriced S&P 500. Still immersed in the culture of Wall Street based on the assumption (which was proven false in the dot-com crash as well as the housing crash) that the Fed can push this thing up forever. Or perhaps they don't even know that the Fed is behind it. Perhaps they think "this is just the way capitalism works." Well, it isn't. This is the way monetary bubble blowing works when a central bank is given the authority to do with the money supply whatsoever it wills. In any case, most "will not see it coming." ''