Interest rates at zero? "Money printing propping up a bubble that'll pop when rates rise."
Six years later, rates hit 5%, $SPX up 250%.
Now? Same crowd: "Rates rising again, bubble's gonna pop."
The permabears never update their model. They've been calling the top since 2019. Meanwhile, the market keeps grinding higher because earnings actually matter more than the narrative du jour.
If you've been sitting in cash waiting for the crash since rates left zero, you've missed one of the best runs in modern history. The lesson? Don't marry a thesis when the data moves against you.
Six years later, rates hit 5%, $SPX up 250%.
Now? Same crowd: "Rates rising again, bubble's gonna pop."
The permabears never update their model. They've been calling the top since 2019. Meanwhile, the market keeps grinding higher because earnings actually matter more than the narrative du jour.
If you've been sitting in cash waiting for the crash since rates left zero, you've missed one of the best runs in modern history. The lesson? Don't marry a thesis when the data moves against you.