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RE: Equities SCREAM Overbought as Credit Card Debt Rockets to Record High! Market Is Broken!
I think equities will stay overbought until this summer but with might get a huge pullback after that. The new tax plan will bring more money in the us and corporations will use it to buybacks their shares. But this trick will only have a short term effect.
True. I wonder if the central banks will actually pull money back or they're just bluffing.