This is Trend Following Radio, where great thinking comes alive.

Nobel Prize winners, legendary traders, best-selling authors, and the pros that know what drive us irrational human beings. I am your host, Michael Covell,

not filtered, raw, honest. That's my passion. The fire rises.

Have you noticed with equity markets at all-time highs in USA,

there's starting to be those justifications again.

It kind of reminds me in 1999, that this time is different routine. And of course,

this time being different, their explanations are a little bit different. And what I notice now

is that there are many people out there that are just lining up and saying, what a great job

the government did. It's just fantastic.

Now, the specifics of the details are irrelevant. The fact that the S&P cratered 50% in 2000, 50% in 2008, 2009, that's irrelevant.

The issue is they fixed it.

They fixed it right now in the moment.

Now if in a couple years equity markets take another 50% hit, who cares?

But it's kind of like, hey, we killed your family.

The stock market's at all-time highs. Aren't you happy? Hey, we killed your family. The stock markets at all time highs.

Aren't you happy?

Hey, we raped your wife.

The stock markets at all time highs.

Aren't you happy?

Hey, we took away all of your interest income for the rest of your life.

And guess what?

Now you have to invest in social media stocks.

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