CEO Predicts Stock Market Goes Up Because Nowhere Else For Money To Go

                                        A CEO of one of the major banks in the United States stated the stock market will go up because there are no alternative places to put money. He did not say the market is strong because the actual economy is strong and vibrant. Many pension funds, with obligations that far exceed assets, and other institutions, are not prepared to withstand a significant market decline. It is not reassuring that the economists, academics and financial experts that did so well not predicting or preventing the 2008 crash are still in charge.