In This Market, Don't Drink the Kool-Aid

Stocks hit new records last week as central banks around the world continued writing checks to prop up still struggling economies, the price of oil stabilized, Vladimir Putin lured the West into a phony truce in the Ukraine, and Athens and the EU tried to pretend that Greece isn't hopelessly insolvent or that it even matters if it is or isn't. In other words, investors were once again all too willing to ignore economic reality and drink the Kool Aid being served by central bankers and politicians. The post In This Market, Don't Drink the Kool-Aid appeared first on Money Morning - We Make Investing Profitable .