President Joe Biden mistakenly attributes market jubilance to FDA approval of the Pfizer jab; what happens when markets revert to the norm with lack of liquidity; The Pet Rock phenomenon & rich markets; Understanding Valuation; The difference between investors & speculators; needs vs wants. ------ SEG-1: Post-Stimulus: Reversion Back to the Norm SEG-2: Pet Rocks & Signs of a Rich Market SEG-3: Understanding Market Valuation SEG-4: The Difference Between Investors & Speculators -------- Chief Investment Strategist Lance Roberts, CIO -------- Today's Three Minutes on Markets & Money: https://www.youtube.com/watch?v=xPX7bb_EH0s&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Our previous episode, "When the Economy Shuts Down" is here: https://www.youtube.com/watch?v=5IVRQ1iXrqI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=43s -------- Articles Mentioned in this show: https://realinvestmentadvice.com/technically-speaking-pet-rocks-other-signs-of-a-rich-market/ https://realinvestmentadvice.com/macroview-more-stimulus-and-the-2nd-derivative-effect/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Fed #Bitcoin #Gold #Stocks #Trading #Rates #Money #Markets #Inflation