Aug 21

Jeffrey Snider: All Signs Point To Systemic Reset:

“… what’s happened in stocks is more a myth than actual reality. Investors in stocks are buying at ridiculous valuations based on the premise that the Fed can create a recovery through liquidity. And what 2014 and 2015 show us is that this simply wasn’t true! …the longer the earnings recession lingers, the higher the risk that stock investors will realize that they’ve been following the wrong story all along!”

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