Why This Isn’t The 2003-2007 Rally $$
- had volume to accompany it
- wasn’t accompanied by massive banking losses which are presently hidden
- U.S. deficit wasn’t so large
- FED was not out of bullets
- was not preceded by the bear market trifecta…real estate, stocks and commodities
- was on the front end of the worldwide economic growth curve, so that the U.S. could export inflation
I’d love to hear why this IS like the 2003-2007 rally. Anyone?