### Comment:
Sure it's correlated. But in 08 or the dot com boom for example, there were things fundamentally wrong with the economy that weren't expressed in the S&amp;P500. Look at auto loan delinquencies 90 days + right now. Look at wealth distribution. We're in a debt bubble and QE may not save us when it pops.

### REPLY:
Wealth distribution isn’t a measure of the general economy, only of fairness. Nearly every developed lower Gini coefficient country has a worse economy, with way worse unemployment and low gdp growth. Loan delinquency on cars is nothing vs housing - besides, it’s really only an issue if those loans are large parts of the portfolios of institutions like subprime was.

### END.