by David Kranzler
Investment Research Dynamics
The Shadow of Truth presents a “Market Update” in which we discuss the extreme fraud and deception that has engulfed the stock market – see below for our audio discussion:
The governments in my view, with their agents the Federal Reserve and other central banks and with the treasury department, they will do anything not to let asset prices go down…If the stock markets go down, I’m convinced all the central banks will buy stocks. All of them. – Mark Faber on CNBC
The S&P 500 has clawed back nearly 80% of its 250 plunge that occurred at the beginning of 2016. The pervasive “muscle reaction” of mainstream investors is to behave as if the nascent bear market in stocks is already over and we’re headed to 30k on the Dow. This tendency is epitomized by Cramer’s latest “c’mon on back in, the water is fine and stocks are cheap” declaration about a week ago. This graphic below exemplifies the current mainstream financial media narrative (sourced from Twitter with SoT edits) click to enlarge image: