Silver as an investment

“The Smart Money Is Selling, Not Buying” Goldman Warns With Valuations In The “99th Percentile”

zerohedge.com / by Tyler Durden on 02/21/2015 – 10:41

First it was Citi, then Deutsche Bank, now Goldman joins the chorus of all those warning that the market is now furiously overbought. What’s worse, at this point the only buyers are the occasional mom and pop habitual gamblers who listen to the endless cheerleading on financial TV, and the companies themselves who are buying back their own stock thanks to desperate bond investors who don’t even care to read the “use of proceeds” section in the bond prospectus, and are happy to fund management’s retirement plans if it means at least one more year of managing other people’s money.

And of course central banks, whose liquidity injections in 2015 –  seven years after the great financial crisis and years into the so-called recovery – are about to set a record in central planning intervention:

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