Giving Thanks

A big part of today’s high stock prices is not a reflection of high future economic growth.

No. It is only a sign that predatory capitalists expect A.I. will cut more employees and their labor costs.

In return, big capitalists believe profits will soar even more than this far.

Predatory capitalists, CEOs and their corporations all think A.I. will cut lots of employees, and that’s why their profits will soar.

The S&P 500 is up 14%.

It is “flabbergasting” that stock market measures of VOLATILITY have been so low as we approach the holidays of giving our thanks.