ML-Implode News - Weakling Profit Recession Is Why Nobody Pulls Cord on Stocks (HOPIUM SPRINGS ETERNAL!!)

While the lack of profit growth explains whyÂ the S&P 500 struggled to advance for more than a year, the less-heralded shallowness of the decline is key to understanding the market's resilience. The equity benchmark is heading for an all-time high after posting a second week of gains following the Brexit selloff and recovering from two separate 10 percent corrections in 10 months.
"Recession by itself scares people, but the shallowness shows this isn't a leveraged recession -- you don't have the global contagion of Lehman issues," said Matt Lloyd, chief investment strategist at Advisors Asset Management, which oversees $16.5 billion in Monument, Colorado. "It's OK to call it a profit recession, but you have to understand an economic recession is less likely."

It's pure hopium. Anyone can see from the chart in the article that it's entirely likely that the profits recession has barely just begun, and would be following historical norms if it has yet to really fall out of bed...

Relevant:

Weakling Profit Recession Is Why Nobody Pulls Cord on Stocks (HOPIUM SPRINGS ETERNAL!!)