by Michael Snyder
The Economic Collapse Blog
For those that can’t detect sarcasm, I am not actually sharing “investment advice” in this article. Rather, I am pointing out how absurd our financial markets have become at this point. While the real economy is mired in the worst economic downturn since the Great Depression of the 1930s, the stock market just keeps soaring to record high after record high. If the underlying profits that these corporations were generating actually justified the extremely high stock prices that we have been witnessing, then I wouldn’t have anything to complain about. Sadly, the truth is that many of the companies that are seeing their stocks soar into the stratosphere are not making any money at all.
I know that this may sound bizarre to many of you that do not follow the markets on a regular basis, but this is what is actually happening.