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Rally, since we hit bottom eight years ago today, is all the result of the feds easy money policies. The other day when the dow gained points, nasdaq crept up a tiny point with 2 . I think its worth spending some time together debunking that canard because its a bogus story that casts the entire move as a castle in the sand that could be washed away by the wave of the feds impending rate hikes. Look, if you really believe that this epic multiyear increase was all about the Federal Reserve, as so many do, and not about the companies and the ceos and the people behind them that you invested in, then right now you should be scared out of your wits, no doubt, given that were probably going to get a very strong employment report tomorrow which will allow the fed to start tightening, most likely tightening fast. The fed aggressively cut rates during the grease recession because it wanted to entice our country into doing more business a ....
4,000 level. Not far from the ridiculous heights of 2000. Its simple. On the endless record setting days like today, the smart money is angry. Yes. The smart money is furious. Oh, they are mean, mad, angry. [ booing ] why . They are jealous of the dumb money thats buying stocks and the stocks are going higher. All sorts of stocks. Its infuriating to people who do it for a living, the pros. They hate whats happening now in this market. Its not supposed to happen. Let me give you five reallife examples of things that shouldnt be happening according to the socalled smart money. Starting with amazon. It hit an alltime high and nothing aggravates them more. Amazon is despised by brilliant people who know better. They know much better than bezos. They refuse to acknowledge the incredible run the i company isnt making money. We deal with merchants stuck if they embraced the business model. It excuses behavior. Amazon is threatening to do sameday food delivery forever but they havent. Maybe th ....
Or why there is so much fretting that the nasdaq is back to the fated 4,000 level. Not far from the ridiculous heights of 2000. Its simple. On the seemingly endless record setting days like today, the smart money is angry. Yes. The smart money is furious. Oh, they are mean, theyre mad, theyre angry. [ booing ] why . They are jealous of the dumb money thats buying stocks and those stocks are going higher. All sorts of stocks. Its just infuriating to the people who do this stuff for a living, the pros. They hate whats happening now in this market. Its not supposed to happen. Let me give you five reallife examples of things that shouldnt be happening according to the socalled smart money. Starting with amazon. It hit another alltime high and nothing aggravates these guys more than amazon going higher. Amazon is despised by brilliant people who know better. They know much better than bezos. The intelligentsia refuse to acknowledge the incredible run the company isnt making money. We deal w ....
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