Going to be one hell of a reckoning if it bursts.
Going to be one hell of a reckoning if it bursts.
No, not really. Plot your graph again, but draw a near-straight line from 1961-1963 right through today’s high point.
It DOES track through the “Housing Bubble’s” crash into today’s growth.
The truly hollow market bubble was the Dot Com hype that inspired “everybody” to believe Bill Clinton was an economic genius - when it was Newt Gingrich’s republican restraints on spending and taxes in 1994-1998 that enabled to computer bubble’s hype to begin. Ignore that artificial jump, and today is right on the line it should be on for long-term growth.
Better yet, plot the price of gold and the price of oil since 1890. That will surprise you.
Buy on the rumor; sell on the news?
It is going to be messy.
No tree grows to the sky. Only idiots
and salesmen are blindsided by corrections.
A lot of money sat on the sidelines during the
Obama anti-business administration. This market
has a lot of ‘bull’ left in it. My IRA loves it.
I agree. Thing is it is in such fantasy land it could easily bust any short trades. But I know it would be just as stupid to get into the market at this point.