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September 2017
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Publicly traded ponze schemes

                A good friend of mine who is a perma bull and I were talking about how publicly traded companies have become a giant ponze scheme for the ultra wealthy.  Nearly every publicly traded company has been sucked out of all its value and is now sitting worthless. 

                This week is all about earnings.  In fact, the next few weeks will also be about earnings.  But don’t get confused, after earnings; markets will most likely sell off.  The simple reason for why we feel the sell off is inevitable is that price of stocks to companies real worth is completely off the scale.

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