What results? Well, the DOW running sky high.
The headline says it all: Dow flirts with 17,000, but most people missed the ride. (emphasis mine)
It ought to read: Dow flirts, but most people cannot ride. (why not? to where does an illusion take one?)
---- This was brought from a Facebook post, dated 7/2/2014 ----
Most people missed the ride? Even those who got on that "train" will lose out. That is by definition how the system works. Its main purpose is to lure the hapless.
Even under the best of situations, the "most" cannot get out of this type of market what they have put in. That message is never given. Rather, the talking heads say that people did not get on and missed the "train." It would be comical if it were not so sad. Ah, let's count our hypothetical wealth (and, arguing that the cash equivalents are as flaky is not proper - to be discussed).
Again, all of those on the train cannot get their booty (the Zucks of the world have and will). Why? The cheshire multiple, the chimera, and such.
Early sellers get the goodies. At some point, which is a lot closer to the top than you might expect, the majority of the rest become losers since they must sell below their cost. Oh, wait it out, is the adage? Not if you need your money (and a whole lot of other reasoned responses - these issues have always been known, but the gaming fills the pockets of those who run the system).
So, one big disservice, of many, of the FED, of late, has been not allowing a rationally sufficient return to those who want to preserve principal. No, they would rather push gaming (as if that is the proper mindset for a sustainable economy - to be discussed).
Remarks: Modified: 07/03/2014
07/01/2014 -- Euphoric territory? How do images and illusions attract so strongly?