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| Reality- I was listening to a podcast, I'm drawing a blank on who it was, I think he was an Econ professor of some sort with some esteem... Anyhow, I think he juxtaposed the money supply over stocks and the correlation almost entirely tracks. He said he overlooked that fact for like 20 years and then had a eureka moment. I've wondered if this isn't part of the reason WMT and COST are so strong and seem to have crazy valuations. They are all but certain to get their share of the money supply going forward. Anyhow always enjoy your thoughts.... | |
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