Listen some to Kyle Bass. Look at the Baltic Dry Index it is way way down. Look at China banking $ volume increase 400% in 8 years with little or no bad loan write offs (do not think possible). Bass thinks China has 3.7T in bad loans on the books that will take years to write down. China could go down and then sideways for years, like Japan. See new car inventory building, along with other merch. building in stocks on the self. Seems hard to believe the stock market should keep going up or even run sideways. How long can companies borrow money to buy back their stock, giving management bonus for stock price increasing, and not paying reduced dividends? Companies even borrowing money so as to be able to pay dividends. |