Bull Market UnsustainableOne of the many articles on the subject below, but they are all saying much the same things...not a shock when they flood the continent with welfare/ free cash by the billions, and being borrowed there comes a limit to the security. They are done or near done with that failed plan because there appears to be some of the 'adults' coming back to the real world, add the Afghan mess and the wide open US/ Mex border. This the same border that they refuse to control the spread of covid, with the tens of thousands of super spreaders shipped to all corners of the country and anyone's guess how many make it here?
But one can take some comfort in the fact that those that own pot cos and especially WEED are a close as one can get to recession proof, as we are in the same boat this side of the 49th...FQ2/22 done at the end of the month and it would be nice to see better numbers with some sustainable lift in SP. The change should be much more substantial over the next 2qts, still a few hurdles between now and then and while they have been planned for these have been far less than normal times. All the best to those that own. JMHO...Opt
Nobel Prize-winning economist Joseph Stiglitz explains why today's bull market isn't sustainable - and why he welcomes the US labor shortage (msn.com)