This is Worse than Before the Last Three Crashes | Wolf Street

How long will “magical thinking” sustain the rally? No way to say. But when the gears are reversed, it could get ugly…. From Wolf Street:

“There are a million reasons why multiple compression hasn’t started yet, including the scorched-earth monetary policies by central banks around the world and the hope for miracles during the Trump administration.”

via This is Worse than Before the Last Three Crashes | Wolf Street