Theater of the Absurd

The confluence of rapidly rising speculative valuations on Apple, Netflix, Amazon and others combined with record-levels of insider stock selling and market trading dominated by racks of algo robots qualifies this period in history for the moniker Theater of the Absurd.  Oh, let's not forget the $trillions of dollars the Federal Reserve is and will continue to print in order to reduce the value of the dollar and foster a chimeric rising stock market to assuage all us sheeple that our economy is moving forward, or in recovery, or whatever the eupehemism du jour is.  Oh, and let's also not forget BLS statistics - where poor showings have been consistently underreported and then revised upward later, when the mainstream media isn't paying attention.

Here is a good, short article by analyst Allan Newman http://www.decisionpoint.com/TAC/NEWMAN.html on some aspects of our ongoing Theater of the Absurd.  Good reading, and quick.  And let me recommend again, for contrarian perspective, adding www.zerohedge.com to your reading list.