Logically this stock market price rise cannot go on forever, but it already seems to have gone on much longer than most of us would have guessed. The shenanigans seem endless. Could it be simply that fundamentals don't matter in markets as long as the majority of people aren't paying attention? The fed just needs to come out once in awhile and speak half truths and make vague statements. If market realities are simply nothing more than the perception of our collective consciousness, then as long as people stay uninformed perhaps we can indefinitely maintain the illusion of growth, regardless of factors such as dollar velocity. lol. Furthermore, I wonder how much "black market", unreported cash, unmeasured economic activity there is and how that would factor in to monetary velocity measurements.
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The only money velocity is in the volumes of dollars moving in and out of various speculative assets. Bitcoin is thin air and how much is it worth? Uber doesn't even own a single taxi cab and how much is it worth? The only thing that is really "logical" is the fact that the gold and silver advocates keep gettting their asses beaten down any time they get anywhere close to the prices of the Aug 2016 price frenzy in gold and silver. Deeeeflation coming golden silver losers...that means prices of precious metals come down. You can call it "manipulation"...I just say you are all a bunch of dummshits chasing deflation via precious metals. Go ahead and panic one more time dummshits. Did "Maalox" Mannarino say anything new about gold or silver today yet? :O
The windup on my whole spiel as far as bitcoin goes is that the same clowns driving the price of Uber and any other Silly Con Valley pipedream are "likely' driving the price of bitcoin. Lame stream media won't tell you that, Maalox mannarino can't even come close to figgering that out...so he can't report it. The irony of it then is that the bitcoin advocates need to pray that the "manipulation" of price created by the moneyrunners shows favor to bitcoin. GOOGLuck with that. I'd "probly" rather own GOOGL but just the drop in the quality of Utube tells me they's running out of cash to waste. :-)