(11-27-13) Now the market commentary is changing not only from financial media shills, but also from the Fed governors. There is an increasing admission that the markets are bubblicious but we canât let any air out because the global economy is now so fragile that everyone has to do their part to maintain the bubble.
Financial media is becoming increasingly frightened of doing its job which is Bullish Shilling because valuations are stretched to the point that they donât want to get egg on their face, which has happened before when markets declined. This has been a repeating cycle, the latest of which occurred in late 2008 to 2009.
Itâs one thing to continuously shill, which is their job, but to do so in markets that are bubblicious and particularly when the bubble begins to break, to continue to shill, becomes a problem. There are lawsuits because of this and viewership of CNBC and Bloomberg decline, which is why they had to change their overnight programming, and now weâre in the same situation again.