Wall Street trolls for deep sea suckers to fleece!

From CNBC here:

The stock market “has an awful good gig going,” with the economic recovery reaching all corners of the globe and U.S. inflation and interest rates still at historic lows, Leuthold Chief Investment Strategist Jim Paulsen told CNBC on Friday.

“We’ve got a fully employed economy, rising real wages. We restarted the corporate earnings cycle. We’ve got strong confidence among business and consumers,” he said on “Squawk Box.”

“The kick is we can do all of this without aggravating inflation and interest rates,” he said. “If that’s going to continue, I think the bull market could continue to forever.”

Most Americans know very little about the inner workings of the stock market.  Most Americans would like to make money in the stock market — as in putting money into the market and making money without slinging hamburgers or installing plumbing.  It’s less work.

So when a market insider goes on the tv and starts talking about the bull market going forever (which is possible but extremely low probability) it is the equivalent of a giant fish hook cruising around the ocean for fish with cash.

If one were to start talking realistically about how financial bubbles form and get huge statements like the one above would have to be at the core of that conversation.

Put your money in the stock market as it’s going to go up forever.

And nobody is ever going to get sick and die.

And they lived happily ever after.


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