Monday, October 6, 2014

"Stocks Have Reached a Permanently High Plateau" - Irving Fisher, 1929

"I'm about to repeat what I said at this time yesterday and the day before - when a Ponzi scheme implodes, the value of stocks is the limit approaching zero"

Chart via ZH/Hussman Funds: "Dancing Without a Floor" 



The New Permanent Plateau
S&P 500



Canadian Pacific Railway
Founded: 1881
P/E: 44 
2.5 year gain: 300%



Southwest Airlines



Molson Coors
Founded 1786


Berkshire Hathaway
Price per share: $208,750 (yes, you read that right)



iPhone 6. Plus:



Argentinian Stocks:


Karachi Pakistan Stock Index



Markets that have already peaked:



BTFATH