It might keep going up, or it might crash. If I flip a coin, it might be heads or tails.
Fifty years ago Milton Friedman predicted the stock market would tank. He stated when you have the policies implemented by the Obama administration, huge deficit spending, debasing the currency, and endless borrowing, equities (stocks) would initially rise as a consequence of early hidden inflation. However since there has been no corresponding creation of real wealth, they will eventually tumble. Milton Friedman was rarely wrong. Of course he did not factor $16 trillion in actual Federal debt, $3 billion o day of continued deficit spending, trillions more in state debts, $100trillion in unfunded entitlements, the granddaddy of all real estate bubbles in China, a deindustrializing America and much much more. Decadence and decline in the age of Obama.
Huh? What's the third (or more) option?
Buy high, sell low. Smart investors will get out now and not wait for the next Obama crash.
“We have no idea if Saut is right or wrong or not, but do find it interesting that Obama’s comments are still viewed so suspiciously by market pros. “
Many of whom have given to Obama’s re-election campaign.
There’s a lot to what’s going on that I just don’t understand.
What is needed is to bring back American jobs.
If the GOP won’t do it, the Democrats will. Whichever side moves first, wins about the next 5 elections.
Bring back US jobs. Now.