America's Looming Crisis: Market Warnings & Government Denial

So let's let's assume that the courts will never will never side with rationality on this because that that's a pretty reliable conclusion. Um, let let's assume that this only gets worse and that at the state and federal level, the governments just try to paper over this, cover it up and deny it. What does America look like a year from now or two years from now or by 2030? About 40 days ago, looking at the charts as a chartist, I had figured out that Nasdaq was going to hit about 24,000. It bounced off of it to the tick yesterday. The problem is that the PE ratios on average right now today are still at 43. And if you wanted to stretch it, the price to earnings ratios legitimately should be around 16 or 15. That's if you want to stretch it. We have a long way to go to the downside. And any one of these items can force us to go to the downside, the second a true crisis of confidence kicks in. Now, it'll be some big firm that gets smacked over the head because their derivatives exposure is so great, they get taken ...