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When Everything from Bat Guano to Quatloos Is Soaring, Speculative Euphoria Has Reached an Extreme

Summary:
One sentence sums up the speculative euphoria gripping markets: January and June of this year are the only months in the last 150 which have seen all assets post a positive total return. (Zero Hedge) https://davidstockmanscontracorner.com/?p=323947&preview_id=323947&preview_nonce=1471ad1ae0&preview=true

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One sentence sums up the speculative euphoria gripping marketsJanuary and June of this year are the only months in the last 150 which have seen all assets post a positive total return. (Zero Hedge)

https://davidstockmanscontracorner.com/?p=323947&preview_id=323947&preview_nonce=1471ad1ae0&preview=true

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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