Successful investors react to the invisible hand without emotion and bias. Investment disciplined couple with understanding prevents false assumptions about what's driving a trend. Traders following a false assumption often get smashed when the trend changes, but the assumption(s) do not. Objective challenges to consensus beliefs or opinion often reduces the odds of falling prey to false assumptions.
The Federal Budget updated today shows us the economy continues to improve. The logic is sound, but be careful what you believe, as things can improve only so much before the economic recovery is pushing on a string (running out of gas). How many stimulus checks to you believe the US will issue?
Annual total revenues as a % of GDP is skyrocketing. It has climbed to 19.1%. Everything is interconnected. If GDP (income) catches up, it could extend the rally. If not, TR as % of GDP reached 20% in 2000, right before everything collapsed.
S&P 500 (LCSCAI ), Gold (Gold) & Annual Total Revenues As % GDP (TRGDPR)
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