Global economic policy makers are now fully engaged with short term desperate measures. It is crucial that investors understand how far policy has moved into the twilight zone. Markets no longer have much if any relation to underlying fundamentals. This video does a great job of describing what is now driving security prices:
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Broken Money, Broken Markets
Today’s new highs are increasingly mechanical, not fundamental — and in a broken market, your 401(k) is the exit liquidity.

