Posted on 02/06/2018 3:41:06 PM PST by blam
No doubt the markets are over valued by traditional fundamental market valuation methods. If people get behind Trump and push for strong economic growth then we may outgrow our problems or at least keep pace.
If not, well, then it sucks to be us.
One thing for sure, when you hear people starting to say, "Yeah, but it's different this time", it's just about time to head for the bunker.
I believe there are market variables which are coinciding that we’ve never seen before:
Algorithm driven trading,
True value in the underlying equities,
Growing economy to include employment and salary,
A tax incentivized economy,
Low interest rates,
A Fed and major investors who hate to see this level of growth and success under Trump.
Trading on margin is stupid and dangerous...that said, tax reductions haven’t kicked in...some have been priced in and I don’t see a huge crash unless Icahn is teaming with Soros and other billionaires hedgies who hate Trump...oh, that was redundant, sorry.
All Jerome Powell has to do is come out and say that economic growth does not cause inflation. Money for nothing does. The more people move from welfare to work, the less inflationary pressures we will have.
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I’d like Powell to just be vocal and calm the jitters...not mine, but the masses.
No Comment.
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I wish the President would stop commenting about the Stock Market.
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No surprise whatsoever!
Wealthy Democrats plan to destroy the economy to “get Trump.”
Welcome to the plantation!
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Is he trying to tell us he’s going to cash?
The more people move from welfare to work, the less inflationary pressures we will have.
True, that!
You have to remember, Icahn did NOT make his money “the old fashioned way.” If the table can’t be titled or the dice weighted, Icahn doesn’t play. That’s only for the little people.
You have to remember, Icahn did NOT make his money “the old fashioned way.” If the table can’t be titled or the dice weighted, Icahn doesn’t play. That’s only for the little people.
He’s been in cash.....or at least espousing cash, since 2015.
Smoot Hawley was enacted the year after the Great Depression started, so it didn't cause the Depression. Did it make the Depression worse? Yeah, it did.
Thank god I put my money in Bitcoin.
Looked on Reuters to get his comments.
He’s raving about Bitcoin and what he calls “crypto currencies”. I will agree with him on that. I know a few people crazy about Bitcoin, I have to look at them cross-eyed. He says the ETFs and ETNs are problematic. Also he describes himself as “not that bearish”. I get the feeling he’s out for a few sectors.
After that fatefull market crash starting in 1929 our leaders of the time put in place the Glass–Steagall act. It separated the Good bankers from the Greedy slithering snake ones. Or in other words, it separated fundamentally solid banking from speculative investment banking. All was fine for an entire generation.
Both Republicans and Democrats alike finally gave into the greed. They dumped Glass–Steagall. Then in less than 10 years- came the crash of 2008. Taxpayers got to bail out the players. And everyone is at it again. Placing their bets-spinning the wheels of chance- not based on fundamentals. Every day citizens money laying on the poker table.
What could possibly go wrong?
Doubtful. I don’t think the fundamentals are indicating 1929.
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Wrong !!!
Time for the president to hit twitter with the declaration that Ichan, Buffet, and Soros plan to take the economy down to stop the swamp from being drained.
As our best senator is fond of saying “its time for truth.”
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The Fungal-mentals are indicating that they are willing to do whatever it takes to stay out of Gitmo!
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Stock market runs on 2 things. Greed and fear.
Been running on greed for quite awhile, including the past 2 weeks with a lot of profit taking.
Fear took over in 2008 for about 6 months.
If this market drops another 5000 points fear may kick in again.
You don’t get what I meant.
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