by Jeff D. Opdyke
The Sovereign Investor
Today, a one-question physics test: Can you inflate a balloon by taking out the air?
The answer is obvious, so you pass the test.
And, yet, Wall Street is defying the same basic physics. It’s rising (to rarefied levels) even as money has been flowing out.
How can this be?
Well, to me, it’s another sign that something wicked this way comes.
Two data points tell this story: