by Bill Bonner, Daily Reckoning.com.au:
We don’t like the looks of it…
Advisors are too bullish. Investors are too complacent. The financial authorities are too confident.
All up and down Wall Street…in central banks and in Washington…the stuff that goeth before the fall is thick, sticky and stinky.
The economy is recovering, they say. The Federal Reserve has the situation in hand, they add. Don’t worry…we know what we’re doing, they assure us.
Barron’s magazine says the Dow is going to 16,000, illustrated with a picture of a bull on a pogo stick.
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