It Feels like 2008

No stock picks today – the Dow is up another hundred points?  It just feels too much like 2008 right before the crash.

Is it going to happen today or next week, probably not – given the number of assets Central Banks are buying to prop markets up:

• ZeroHedge – “Nothing Else Matters”: Central Banks Have Bought A Record $1.5 Trillion In Assets In 2017

So, not yet – what should we do with our investments?  I want to be optimistic – but I can’t ignore the warning signs I see every day:

• Business Insider – Americans are suddenly defaulting on their credit cards
• ZeroHedge – “Worst Since Lehman” – The State Of The US Consumer In One Dismal Chart

We are right back where we were in 2008 – only more leveraged!

• Business Insider – JIM ROGERS: The worst crash in our lifetime is coming
• Bloomberg – Trump’s America Is Facing a $13 Trillion Consumer Debt Hangover …

Add in crazy valuations mirroring the Dot Com frenzy:

• ZeroHedge – Tesla Is Now Bigger Than Ford, GM, And BMW…

If you really need a bonk on the head to see that we are living on borrowed time – check out Jim Cramer’s latest recommendation:

• ZeroHedge – Jim Cramer Goes Batty: “Bitcoin May Hit $1,000,000”; Act Now Before It’s Too Late!

Seems like good advice – you should really jump on that, after all – Jim Cramer’s reputation is perfect:

If you saw the Big Short – you will love Jim’s analysis on Subprime Mortgages right before they tanked:

And he is a great interview:

Cramer’s the best!  Bring it home Van: