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IPFS News Link • Stock Market

Blain: "What I See Today Scares The S**t Out Of Me"

• https://www.zerohedge.com, Tyler Durden

A few years ago I was on Bloomberg one morning, and said something like stocks looked overly expensive and should be due a correction if it wasn't for the support they were getting from company buybacks and the low relative yields on bonds.  The programme host asked me if I meant stocks were going to collapse, so I joshed with her – confidently predicting some random date like October 12th as the day the global stock market would tumble of out bed.  I spun some yarn about my high degree of confidence that 10.30 am that day would see a crash nailed on. I figured anyone sensible watching would see I was joshing.  I should have given the host a verbal sarcasm warning – I think the newscaster took me seriously…. So now I try to hedge a bit when its blindingly obvious we are poised on the edge of a precipice about to take a big step forward…

We are in the middle of a deeply unconvincing market, but this time it's not stocks that scare me.


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