Investors are insane

GDP was revised down to -2.9 percent annualized, yet the Dow is up right now.  The Dow should be down more than 1,000 points right now.  I simply can’t understand the mentality of investors in this environment.  Oil is spiking with tensions building in Iraq, the economy is going into recession (is probably already in recession, and will be confirmed to be in recession when we get 2Q GDP at the end of July), valuations are extremely expensive, and many other economic indicators show weakness, yet stocks continue to advance.  Either I am a complete idiot, or the markets are setting up for one of the worst crashes we have seen in modern times.


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