Loading ...The Real Tony Jan 4, 2018 3:06 PM
No kidding. I can almost respect someone who says “yeah this is almost the biggest bubble ever, but it’s gonna keep going up for now anyway so keep buying”. That at least has a shred of cynical honesty to it.
But hearing Tepper (or Buffett, or Yellen, or whoever) blinking owlishly and saying “what overvaluation? I don’t see any overvaluation anywhere! also there’s no inflation, because lol financial assets don’t count” makes me want to bring back the guillotine.