“I understand the dynamic of this, I don’t quite get the euphoria. So the Dow’s where it was over 5 years ago, the S&P is where it was 13 years ago, stocks have gone nowhere for 1/2 a generation. That seems more of a cause for a depression rather than a celebration. But, the dynamics are easy to understand; the Fed is printing money, you print a trillion Dollars of free money, hand it out, and stocks are going to go up. I don’t think there’s any magic to it. The fundamentals aren’t going to support it, but the free money will. Now it’s probably the beginning of a bubble, but the problem with bubbles is you can say it’s a bubble but you don’t know when it’s going to burst.” – Jim Rickards