Can the Bull Market Defy the Warning Signs?

investing.com:

The bubble in ‘no holds barred’ monetary policy (birthed under Alan Greenspan) and the bullish markets it benefits are in their third decade

Gold, meanwhile, will not be ready until the “post” bubble

This is an article from a source, yours truly, who considers it his job to define the ‘top-down’ macro before trying to pick stocks. In other words, it is important to get the big picture macro, as well as its shorter-term rotations, right before trying to select stocks and the sectors they reside in.

In an extreme example, the gold mining sector has been most often impaired by the ‘bubble on’ macro, including its inflationary phases, not helped by it. “Post-bubble” will be a different story. But you can’t change the macro because of ‘want’. It will change when it is good and ready.

In the year 2001 Sir Alan Greenspan was forced to abandon his stately “Maestro” image in favor of a more desperate, even panicky version of himself. That desperation was put into effect by the various inflationary means used to birth and blow the credit bubble, which launched the real estate/mortgage bubble and eventually, the great stock market bull that persists to this day.

This is ancient history (2003-2008), but it was an important time when we as market participants were taken down the rabbit hole, whether we liked it or not. Fittingly, the end of this historical phase was resolved in a righteous market liquidation of Q4, 2008.

By then it was Ben ‘the Hero’ Bernanke’s turn to try his hand at inflationary bubble making, and inflationary bubble-make he sure did. New and unusual methods of QE/Bond Manipulation/ZIRP and a new twist on things in order to “sanitize” (the actual word the Fed used back then) inflation signals out of the macro,