Monday, October 14, 2013

nobel exuberance

"Irrational exuberance" Robert J. Shiller winning the Nobel for Economics is a contrarian indicator that gets us to DOW 25,000 by the end of the current Presidential term, but because the correlation between rising stock prices and jobs growth is far from guaranteed in near-term America, this won't necessarily help most of us.

(This is not investment advice or a recommendation to lose money so as to indulge in freedom as an expression of "nothin' left to lose"; furthermore, it should not be read as a "tell" indicating a suicidal impulse on the part of the author or any recommendation to readers to commit such. You're welcome to go ask Alice and get back to me on all this.)

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