A week ago, after seeing Barron’s latest cover, we said : “This time is never different…. unless, of course, one acknowledges
apriori that “this time is different” thus making this time, er,
different? At least that is the logic according to the latest
headline-grabbing edition of Barron’s which observes that with the
Nasdaq approaching 5000 again, “fears have been raised about the
possibility of yet another market collapse.” But fear not, because “this time it’s different“…”
Seven days later, it remains to be seen if market bubblemania on the back of central bank multiple expanion around the world can thrive, especially as corporate cash flow (and revenue, and GAAP EPS) growth trickles to a halt, coupled with an energy and junk bond market implosion, but when it comes to Barron’s covers top-ticking the market, it is never different.
h/t @Not_Jim_Cramer
via Zero Hedge http://ift.tt/16jVe82 Tyler Durden