Recipe for Market Disaster?
The weekend is over, as is Easter and Passover, and everyone is back to work. Last week was quite a week for a shortened holiday trading week, culminating in President Trump having the MOAB (mother of all bombs) dropped in Afghanistan. The market was soft and volatility was rising, but will this be the start of the event that brings the markets lower?
Bubba talks about the market action and warns listeners about the bullish complacent attitude that investors have now. The lack of any fear coupled with the over-exuberance of consumer sentiment is a recipe for disaster. There is talk of a recession, though according to Bubba, the middle class has never come out of the recession.