The Scourge Of Easy Money, Part 1

What in the world were these fools discounting?

Earlier today the S&P 500 was trading at 36X LTM net income and the Russell 2000 (RUT) was off-the-charts. And that was at the very time Sleepy Joe was pledging to monkey-hammer the American economy with a climate change dragnet that will send growth, productivity, jobs, living standards and true wealth plummeting.