What is going outthere in stock land? The market is in the tighest range with lowest volume I have seen in a while.
Every morning we wake up to some new PE deal that is more whacked than the next. The only justification is for the deals is that money has to be spent, so it goes after companies that really shouldnt be LBO'd.
A poster on the prudent bear refers it to as the Age of Infinite Fiat. I couldnt agree more. I am at a total loss for what could derial this system, but something will happen.
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