Since the Elliott Wave Primary wave one low in the Grand Supercycle bear market reached in early-March, the stock market has rallied more than 60% in a distinct A-B-C retracement pattern:
Meanwhile, the economy has barely started recovering from the devastating blow to collective confidence that occurred with the recent financial crisis. Earnings for S&P 500 corporations remain mired in a historic collapse:
(S&P 500 Earnings, Inflation Adjusted)
Consequently, the divergence between stock prices and actual corporate earnings is at an unprecedented extreme as measured by the price-to-earnings (P/E) ratio:
While Wall Street is celebrating a banner year with record bonuses soon to be had by the financial elite that paved the path to economic collapse, Main Street continues to relentlessly suffer from job losses and financial hardship as the government recovery plan has fallen far short of projections:
"What's good for Wall Street is good for Main Street" is proving to be a tragic assumption (ass-u-me) for governing authorities who have sold their souls to a den of thieves.
But be assurred....God is in control, not mann.
Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: For where your treasure is, there will your heart be also.
No one can serve two masters, for either he will hate the one and love the other; or else he will be devoted to one and despise the other. You can not serve both God and Mammon.
- Matthew 6: 19-21,24
- Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.
- Romans 12:19
And said, Naked came I out of my mother's womb, and naked shall I return thither: the Lord gave, and the Lord hath taken away; blessed be the name of the Lord.
- Job 1: 20-21